Approval of R.V.K. Energy Pvt. Ltd under section 10(23G) of the Income-tax Act, 1961 - 103/2002 - Income Tax

Approval of R.V.K. Energy Pvt. Ltd under section 10(23G) of the Income-tax Act, 1961 [Notification No. S.O. 1714, dated 2nd May, 2002 .] It is notified for general information that enterprise/industrial undertaking listed at para. (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2000-2001, 2001-2002 and 2002-2003. 2. The approval is subject to the condition that (i) the enterprise/industrial undertaking will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962; (ii) the Central Government shall withdraw this approval if the enterprise/industrial undertakings: (a) ceases to carry on infrastructure facility; or (b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or (c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962. 3. The enterprise/industrial undertaking approved is 32.7 mw. power plant, Konkepudi Village, Pedana Mandal, Machilipatnam, Krishana District, Andhra Pradesh, by R.V.K. Energy Pvt. Ltd., 1st Floor, SDE Serena Chambers Road No. 7, Banjara Hills, Hyderabad-500034 (F. No. 205/176/99-ITA-II). [Notification No. 103/2002/F. No. 205/176/99/ITA. II]