M/s Orissa Power Generation Corporation Limited has been approved under section 10(23G) of the Income-tax Act, 1961 - 308/2002 - Income Tax

M/s Orissa Power Generation Corporation Limited has been approved under section 10(23G) of the Income-tax Act, 1961 Notification No. 308 of 2002 Dated 22nd Oct, 2002 It is notified for general information that enterprise 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 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 (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 approved is 1 [ M/s Orissa Power Generation Corporation Ltd., 6th Floor, Alok Bharati Office Complex, Sahib Nagar, Bhubaneswar-751007 ] [F.No.205/31/98/ITA.1I] ********* Notes 1. Corrected vide Notification No. 348 of 2002 dated 22-11-2002 before it was read as M/s Orissa Power Generation Corporation Limited, 6th Floor, Alok Bharati Office Complex, Sahib Nagar, Bhubaneswar-751007 for its project 2 x 210 MW (for units 3 4) of coal fired thermal power station in the 1b Valley area of Orissa.