Tax exemption under section 10(23G) approved for Upper Krishna Project, conditional on infrastructure operation and audit compliance. Approval is granted to the Upper Krishna Project of M/s Krishna Bhagya Jala Nigam Ltd. for the purposes of section 10(23G) read with rule 2E, conditional on continuation as an infrastructure facility and on maintaining and furnishing audited books of account as required by sub-rule (7) of rule 2E; the Central Government may withdraw approval if these conditions are not met.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23G) approved for Upper Krishna Project, conditional on infrastructure operation and audit compliance.
Approval is granted to the Upper Krishna Project of M/s Krishna Bhagya Jala Nigam Ltd. for the purposes of section 10(23G) read with rule 2E, conditional on continuation as an infrastructure facility and on maintaining and furnishing audited books of account as required by sub-rule (7) of rule 2E; the Central Government may withdraw approval if these conditions are not met.
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