Approved Development, Maintenance and Operations of Software Technology Park at Chennai for information technology/software technology, being an industrial park, by M/s. Tidel Park Limited, Chennai u/s10(23G) - 11207 - Income Tax

Approved Development, Maintenance and Operations of Software Technology Park at Chennai for information technology/software technology, being an industrial park, by M/s. Tidel Park Limited, Chennai u/s10(23G) NOTIFICATION NO. 11207 DATED 19-1-2000 It is notified for general information that undertaking, 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 2000-2001, 2001-2002 and 2002-2003. 2. The approval is subject to the condition that : ( i ) the 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 undertaking will conform to and comply with the terms and conditions and other matters connected or incidental thereto mentioned in the annexure to Notification No. 11174 dated 20th December, 1999 [published at (2000) 158 CTR (St) 13], issued by Central Board of Direct Taxes, Department of Revenue Ministry of Finance, Government of India; ( iii ) the Central Government shall withdraw this approval if the enterprise/industrial undertaking : ( a ) ceases to carry on ifrastructrure 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 IT 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 undertakings approved is : Development, Maintenance and Operations of Software Technology Park at Chennai for information technology/software technology, being an industrial park, by M/s. Tidel Park Limited, 19A, Rukmani Lakshmipathy Salai, Egmore Chennai-600008. [F.No. 205/101/99-ITA-I]