"M/s. Jaiprakash Hydro Power Limited" approved u/s 10(23G) of the Act - 217/2003 - Income Tax

"M/s. Jaiprakash Hydro Power Limited" approved u/s 10(23G) of the Act Income Tax Notification No. 217/2003 Dated 12th September, 2003 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 2002-2003, 2003-2004 and 2004-2005. 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 undertaking: - (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 - M/s. Jaiprakash Hydro Power Limited, JA Annexe, 54 Basant Lok, Vasant Vihar, New Delhi-110 057 for their project of power generation of 300MW Hydro Electric Baspa II in Kinnaur Distt. of Himachal Pradesh (F.No.205/77/99/ITA-II).Vol.I. Sd/- (Upamanyu Basu) Deputy Secretary (ITA.II) F.No.205/77/99/ITA-II-Vol-I