Approval under section 10(23G) renewed, subject to compliance with accounting, audit and eligible business conditions. Approval under section 10(23G) was renewed for M/s Lanco Kondapalli Power Private Limited for a liquid fuel power generation project for a fixed fifteen-year period, conditional on compliance with the Income-tax Act and procedural rules, including maintenance of books, statutory audit, and furnishing of the audit report; the Central Government may withdraw approval for cessation of eligible business or failure to meet accounting or audit obligations.