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of <h1>Government Renews GMR Expressways Tax Approval Under Section 10(23G) for 17.5 Years with Compliance Conditions</h1> The Central Government has renewed the approval of M/s GMR Tambaram Tindivanam Expressways Pvt. Ltd under section 10(23G) of the Income-tax Act, 1961, effective from the Assessment Year 2005-06 to 2020-21, for a period of 17 years and 6 months. This approval is contingent upon compliance with specified conditions, including adherence to section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be withdrawn if the enterprise ceases its eligible business, fails to maintain audited accounts, or does not furnish the required audit report. The project involves infrastructure development on NH 45 in Tamil Nadu.
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