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of <h1>Private Expressway Firm's Tax Approval Renewed Under Section 10(23G) Until 2020-21; Compliance with Conditions Required</h1> The Central Government has renewed the approval for a private expressway company under section 10(23G) of the Income-tax Act, 1961, effective from the Assessment Year 2005-06 to 2020-21, as per a concession agreement with the National Highway Authority of India. This approval is contingent on compliance with specific conditions, including adherence to relevant tax provisions, maintaining audited accounts, and operating the infrastructure facility as per the agreement. The approval may be revoked if the enterprise ceases eligible business operations, fails to maintain accounts, or does not furnish required audit reports. The project involves upgrading a section of NH-5 in Andhra Pradesh.
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