Tax exemption approval under section 10(23G) subject to compliance and withdrawal for failure to audit or operate. Approval under section 10(23G), read with rule 2E, is granted to M/s L&T Transportation Infrastructure Limited for its Coimbatore bypass and associated bridge project, subject to compliance with statutory provisions, maintenance of books, statutory audit and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to maintain, audit or report accounts as required.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption approval under section 10(23G) subject to compliance and withdrawal for failure to audit or operate.
Approval under section 10(23G), read with rule 2E, is granted to M/s L&T Transportation Infrastructure Limited for its Coimbatore bypass and associated bridge project, subject to compliance with statutory provisions, maintenance of books, statutory audit and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to maintain, audit or report accounts as required.
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