Approval of M/s Ennore Port Ltd. u/s 10 (23G) of the Income tax Act, 1961 - 217/2004 - Income Tax

Approval of M/s Ennore Port Ltd. u/s 10 (23G) of the Income tax Act, 1961 Notification No: 217 Dated 17-Aug-2004 It is notified for general information that the enterprise/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 with effect from the Assessment Year 2001-02. 2. The approval is subject to the conditions that- (i) the enterprise/undertaking wilt 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 defined 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 accountant as 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. 3. The enterprise/undertaking approved is- M/s Ennore Port Ltd, Chennai, 15, Kasturirangan Road, Alwarpet, Chennai-600120 for their project of managing and operation of Ennore Port near Chennai. Sd/- (Nidhi Singh) Under Secretary to the Govt. of India Central Board of Direct Taxes F.NO. 205/3/2003-ITA.II