Tax exemption approval renewed for infrastructure BOT project, subject to concession agreement compliance and audit obligations. Renewal of approval has been granted to M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. for an infrastructure BOT project for the concession period specified in the concession agreement, conditional on conformity with the income tax exemption provisions and rules. The approval is subject to carrying on the eligible business, maintaining and auditing books of account, furnishing prescribed audit reports, and developing, operating and maintaining the infrastructure facility as required; the Central Government may withdraw approval for failure on these grounds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption approval renewed for infrastructure BOT project, subject to concession agreement compliance and audit obligations.
Renewal of approval has been granted to M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. for an infrastructure BOT project for the concession period specified in the concession agreement, conditional on conformity with the income tax exemption provisions and rules. The approval is subject to carrying on the eligible business, maintaining and auditing books of account, furnishing prescribed audit reports, and developing, operating and maintaining the infrastructure facility as required; the Central Government may withdraw approval for failure on these grounds.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
