Approval of M/s Reliance Petalganga Power Limited u/s 10 (23G) of the Act - 215/2004 - Income Tax

Approval of M/s Reliance Petalganga Power Limited u/s 10 (23G) of the Act Notification No: 215 Dated 17-Aug-2004 It is notified for general information that the approval to enterprise/undertaking, listed at para (3) below has been renewed by the Central Government for the purpose of section 10(230) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Asstt. Year 2003-04. 2. The approval is subject to the conditions that- (i) the enterprise/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/undertaking: - (a) ceases to carry on the eligible business as denned in Explanation (b) to Rule 2E of I.T. Rules, 1962; or (b) fails to maintain books of account and get such accounts audited by an accountants required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962; or (c) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962. (iii) the enterprise/undertaking starts generating power from the projects mentioned in para (3) below on or before 31st day of March, 2006 as per provisions of Section 80IA(4)(iv)(a) of the Income-tax Act, 1961 failing which the approval shall be withdrawn 3. The enterprise/undertaking approved is- M/s Reliance Petalganga Power Limited, Shree Ram Mills Premises, 3rd Floor, Ganpatrao Kadam Marg, Worii, Mumbai-420013 for their project of 447 MW Conventional Combined Cycle Power Plant at Patalganga, Distt. Raigad, Maharashtra. Sd/- (Nidhi Singh) Under Secretary to the Govt of India Central Board of Direct Taxes