Tax exemption under section 10(23G) approved for port infrastructure project, subject to compliance and audit conditions. Approval granted to M/s Kakinada Seaports Ltd under section 10(23G), read with rule 2E, for its Kakinada Port project covering operation and management of existing berths and construction of an additional berth, conditional on conformity with section 10(23G) and rule 2E. The Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain books of account or obtain the required audit, or fails to furnish the audit report mandated by sub-rule (7) of rule 2E.
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Tax exemption under section 10(23G) approved for port infrastructure project, subject to compliance and audit conditions.
Approval granted to M/s Kakinada Seaports Ltd under section 10(23G), read with rule 2E, for its Kakinada Port project covering operation and management of existing berths and construction of an additional berth, conditional on conformity with section 10(23G) and rule 2E. The Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain books of account or obtain the required audit, or fails to furnish the audit report mandated by sub-rule (7) of rule 2E.
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