A notification under section 10 of the Income-tax Act, 1961
S.O. 1374 was published on 6 May 1999. Its subject is A notification under section 10 of the Income-tax Act, 1961.
It is notified for general information that enterprise, listed at para (3) below have 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 1999-2000, 2000-2001 and 2001-2002.
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 list of enterprises approved are as under:
(i) (a) Rolep-I run of the River H.E. Power Project (proposed capacity 9 mw), (b) Rolep-II run of the River H.E. Power Project (proposed capacity 12 mw), (c) Ralong run of the River H.E. Power Project (proposed capacity 16 mw), (d) Chakungchu run of the River H.E. Power Project (proposed capacity 24 mw) of Sikkim Power Development Corporation Ltd., NII-31A (adjacent to UD and HD), Gangtok-737101, Sikkim (F. No. 205/102/99-ITA-II).
(ii) The Hubli-Dhariwas bypass on NH-4 to be executed and implemented by Nandhi Highway Developers Ltd., No. 1, Midford House, Midford Garden, Off. M. G. Road, Bangalore-560 001 as per the BOT, Concession Agreement (F. No.205/76/98-ITA-II).
(iii) 2 x 130 mw Thermal Power Plant at Toranagallu, Bellary Distt., Karnataka of Jindal Tractebel Power Co. Ltd., Mindal Mansion, 5A, G.Deshmukh Marg, Mumbai-400 026. (F. No. 205/28/98-ITA-II).
(iv) Cellular Mobile Telephone Service Project in the Maharashtra Circle vide licence agreement No. 842/57/95-VSA/A, dated 15-12-95 and also in respect of Gujarat circle vide licence No. 842/58/95-VAS-58A, dated 12-12-95 (F. No. 205/74/98-IA-II) by Birla AT and T Communication Ltd., Pune.
(v) (a) Upper Indrawati Hydro Electric Project, Mukhiguda, Kalahandi Project-I, (b) Hirakund II (Unit I) and (c) Hirakund-I (Burla I & II) (Unit I and II) IInd project of Orissa Hydro Power Corporation Ltd., Bhubaneswar (F. No. 205/47/98-ITA-II).
(vi) Mobile Telephone Service Project of BPL US West Cellular Ltd., Coimbatore-641 018 in the circles of Kerala, Tamilnadu (excluding Chennai but including Pondicherry), Maharashtra (excluding Mumbai but including Goa), under the licences granted by the Department of Telecommunication in this behalf on 19-12-1995. (F. No. 205/57/98-ITA-II).
(vii) Radio Paging Service Project in the circle of Kerala, Karnataka and Tamilnadu by BPL Wireless Telecommunication Services Ltd., Bangalore-560 025 under licences granted by the Department of Telecommunication in this behalf on 21-9-95. (F. No. 205/55/98-ITA-II).
(viii) Two projects of 5 mw Wind Farm at Kaavakallu Village, Anantpur Distt., Andhra Pradesh and 5 mw Wind Farm at Leavenjinpuram and Karangulam villages of Tirunelvelli Distt., Tamilnadu, by Wind Energy System Care (India) Ltd., Chennai. (F. No. 205/71/98-ITA-II).
[Notification No. 10897/F. No. 205/102/99-ITA-II]
Rules it names. Rule 2E of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.
Source: the Income Tax Department’s own published text — its page for this instrument.
