Approval under section 10(23G) granted to Vemagiri Power Generation, subject to compliance and commencement conditions. Approval under section 10(23G) of the Income-tax Act, 1961 is granted to M/s Vemagiri Power Generation Ltd for specified assessment years for its 520 MW gas-based power project, subject to compliance with section 10(23G) and rule 2E. The approval is conditional and withdrawable if the undertaking ceases to carry on an infrastructure facility, fails to maintain audited books and furnish the audit report as required by sub rule (7) of rule 2E, or fails to begin generating power by the prescribed deadline.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 10(23G) granted to Vemagiri Power Generation, subject to compliance and commencement conditions.
Approval under section 10(23G) of the Income-tax Act, 1961 is granted to M/s Vemagiri Power Generation Ltd for specified assessment years for its 520 MW gas-based power project, subject to compliance with section 10(23G) and rule 2E. The approval is conditional and withdrawable if the undertaking ceases to carry on an infrastructure facility, fails to maintain audited books and furnish the audit report as required by sub rule (7) of rule 2E, or fails to begin generating power by the prescribed deadline.
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