Tax exemption approval subject to compliance and audited accounts requirements and possible withdrawal for cessation or audit non-compliance. Approval is granted to M/s. Tidel Park Limited under section 10(23G) read with rule 2E for specified assessment years for its Software Technology Park project at Chennai. The approval is conditional on compliance with section 10(23G) and rule 2E; the Central Government may withdraw approval if the undertaking ceases the infrastructure facility, fails to maintain and audit books of account as required by sub-rule (7) of rule 2E, or fails to furnish the required audit report.
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Tax exemption approval subject to compliance and audited accounts requirements and possible withdrawal for cessation or audit non-compliance.
Approval is granted to M/s. Tidel Park Limited under section 10(23G) read with rule 2E for specified assessment years for its Software Technology Park project at Chennai. The approval is conditional on compliance with section 10(23G) and rule 2E; the Central Government may withdraw approval if the undertaking ceases the infrastructure facility, fails to maintain and audit books of account as required by sub-rule (7) of rule 2E, or fails to furnish the required audit report.
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