Approval under section 10(23G) renewed for container terminal project, subject to rule 2E compliance and audit obligations. Renewal of approval under section 10(23G) of the Income-tax Act, 1961 is granted to M/s Nhava Sheva International Container Terminal Private Ltd. for its Build-Operate-Transfer project to develop, operate, manage and maintain a 600 metre quay-length container terminal at Jawaharlal Nehru Port, effective from AY 2005-06 to the 30-year licence end. The approval is conditional on compliance with section 10(23G) and rule 2E, and may be withdrawn if the enterprise ceases eligible business or fails required accounting and audit obligations under rule 2E(6).
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Approval under section 10(23G) renewed for container terminal project, subject to rule 2E compliance and audit obligations.
Renewal of approval under section 10(23G) of the Income-tax Act, 1961 is granted to M/s Nhava Sheva International Container Terminal Private Ltd. for its Build-Operate-Transfer project to develop, operate, manage and maintain a 600 metre quay-length container terminal at Jawaharlal Nehru Port, effective from AY 2005-06 to the 30-year licence end. The approval is conditional on compliance with section 10(23G) and rule 2E, and may be withdrawn if the enterprise ceases eligible business or fails required accounting and audit obligations under rule 2E(6).
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