Tax exemption approval for power project subject to compliance, audited books and withdrawal on cessation or audit noncompliance. Approval under section 10(23G) read with rule 2E is granted to the 165 MW Ernakulam power project by M/s BSES Kerala Power Ltd. The approval is conditional on compliance with section 10(23G) and rule 2E, including maintenance of books, audit by an accountant and furnishing the audit report under sub-rule (7) of rule 2E; the Central Government may withdraw approval if the undertaking ceases to carry on the infrastructure facility or fails to maintain audited accounts or furnish the required audit report.