Tax exemption under section 10(23G) approved for a thermal power project, subject to compliance, books and audit reporting. Approval is granted to BPL Power Projects (AP) Ltd.'s 2 x 260 MW Ramagundam coal-fired thermal power project for income-tax exemption under section 10(23G) read with rule 2E for specified assessment years. The approval is conditional on compliance with section 10(23G) and rule 2E, maintenance of books, obtaining an accountant's audit as required by the relevant sub-rule, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails the accounting and reporting conditions.
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Tax exemption under section 10(23G) approved for a thermal power project, subject to compliance, books and audit reporting.
Approval is granted to BPL Power Projects (AP) Ltd.'s 2 x 260 MW Ramagundam coal-fired thermal power project for income-tax exemption under section 10(23G) read with rule 2E for specified assessment years. The approval is conditional on compliance with section 10(23G) and rule 2E, maintenance of books, obtaining an accountant's audit as required by the relevant sub-rule, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails the accounting and reporting conditions.
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