Approval of M/s Madurai Power Corporation Private Limited under section 10(23G) - 221/2004 - Income Tax

Approval of M/s Madurai Power Corporation Private Limited under section 10(23G) Notification No: 221 Dated 18-Aug-2004 It is notified for general information that approval to the enterprise/undertaking, listed at para (3) below has been renewed 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 Asstt. Year 2004-05. 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 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 Madurai Power Corporation Private Limited, Flat Gl "Seshadri Manor", Seshadri Road, Alwarpet, Chennai-600018, Tamil Nadu (formerly known as M/s Balaji Power Corporation Private Limited, 76, Bazullah Road, T. Nagar, Chennai-600017) for their 106 MW Diesel Engine Power Project in Samayanallur, Madurai District, Tamil Nadu. Sd/- (Nidhi Singh) Under Secretary to the Govt. of India Central Board of Direct Taxes F.No. 205/48/2000/ITA.II