Tax exemption approval under 10(23G) for a highway BOT project is conditional on compliance and audited accounts. Approval under section 10(23G) is granted to M/s Jaypee DSC Ventures Ltd. for a twenty-year period from AY 2003-04 to AY 2023-24 (up to 11.01.2023) per the concession agreement dated 18.04.2002. The approval is subject to compliance with section 10(23G) read with rule 2E, including continuation of the eligible business, maintenance of books and an audit as required by sub-rule (6) of rule 2E, and furnishing the audit report; the Central Government may withdraw approval on breach of these conditions. The approved project is the BOT conversion of Delhi-Gurgaon NH-8 (Km.14.30-Km.42.00) into an access-controlled 8/6 lane highway.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption approval under 10(23G) for a highway BOT project is conditional on compliance and audited accounts.
Approval under section 10(23G) is granted to M/s Jaypee DSC Ventures Ltd. for a twenty-year period from AY 2003-04 to AY 2023-24 (up to 11.01.2023) per the concession agreement dated 18.04.2002. The approval is subject to compliance with section 10(23G) read with rule 2E, including continuation of the eligible business, maintenance of books and an audit as required by sub-rule (6) of rule 2E, and furnishing the audit report; the Central Government may withdraw approval on breach of these conditions. The approved project is the BOT conversion of Delhi-Gurgaon NH-8 (Km.14.30-Km.42.00) into an access-controlled 8/6 lane highway.
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