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Case law › Notifications › 2004 › Notification No. 143
Notification 28 April 2004

Notification No. 143

Approval of an institution under section 10 of the Income-tax Act, 1961

What this is

Notification No. 143 was published on 28 April 2004. Its subject is Approval of an institution under section 10 of the Income-tax Act, 1961.

This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

Notification No : 143

Section(s) Referred : section 10(23G)

Date of Issue : 28/4/2004

Notification No. 143 of 2004, dt. 28th Apr., 2004

It is notified for general information that the 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 with effect from the Asstt. Year 2000-01 to Asstt. Year 2029-30 (upto 14.07.2028) i.e. the end of the period of 30 years as mentioned in Licence agreement dt. 15.07.1998 between the Tuticorin Port Trust and the enterprise, or earlier in the event of violation of the terms of the agreement aforesaid.

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/industrial undertaking approved is -

M/s PSA SICAL Terminals Ltd, 36-40, Armenian Street, Chennai-600001 for their project of development, maintenance and operation of Container Terminal at 7th berth at Tuticorin Port under Build Operate and Transfer (BOT) Basis as per Licence agreement dt. 15.07.1998 entered into with the Tuticorin Port Trust (F.No.205/ 18/2000-ITAII)

F.No.205/ 18/2000-(ITAII)

What it names

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.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 144  ·  Notification No. 142 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.