Approval of M/s Raj Infrastructure Pvt. Ltd., u/s 10(23G) of the Income-tax Act, 1961 - 225/2004 - Income Tax

Approval of M/s Raj Infrastructure Pvt. Ltd., u/s 10(23G) of the Income-tax Act, 1961 Notification No: 225 Dated 20-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 Asstt. Year 2002-03 to Asstt. Year 2012-13 (upto 28.07.2011) i.e. for a period of 11 years 6 months and 11 days as per agreement dt.04.09.2000 between Raj Infrastructure Pvt. Ltd., Raj Ram Joint Venture and Government of Maharashtra, or earlier, in the event of violation of the terms of the agreement. 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 Raj Infrastructure Pvt. Ltd. 8, Rajanigandha Apartments, Off. Shirole Road, Pune-411004, Maharashtra for their project of strengthening and widening of Chakan-Shikarpur Road Km 23/0 to 53/0, SH 55 under Build, operate and transfer (BOT) basis as per agreement dated 04.09.2000 between Raj Infrastructure Pvt Ltd, Raj Ram Joint Venture and Government of Maharashtra. Sd/- (Nidhi Singh) Under Secretary to the Govt. of India Central Board of Direct Taxes F.No.205/62/2001/ITA.II