Approval of M/s GMR Tuni Anakapalli Expressways Pvt. Ltd under section 10(23G) of the Income-tax Act, 1961 - 307/2002 - Income Tax

Approval of M/s GMR Tuni Anakapalli Expressways Pvt. Ltd under section 10(23G) of the Income-tax Act, 1961 Notification No. 307 of 2002 Dated 22nd Oct., 2002 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 GMR Tuni Anakapalli Expressways Pvt. Ltd., 6-3-866/868, Greenlands, Begumpet, Hyderabad-500016 for their project of Tuni Anakapalli Road project (4-Laning of Tuni-Anakapalli on NH 5) as per agreement with National Highways Authority of India dated 9th October, 2001. [F.No.205/60/2001/ITA.II]