Tax exemption for notified infrastructure project under section 10(23G) approved, subject to compliance and audit conditions. Approval is granted to M/s Mapex Infrastructure Pvt Ltd under section 10(23G), read with rule 2E, for assessment years 2002-2003 to 2004-2005 for a BOT project to widen and rehabilitate a stretch of National Highway-2; the approval is conditional on compliance with section 10(23G) and rule 2E and is subject to withdrawal if the undertaking ceases the infrastructure activity, fails required bookkeeping and audit under sub-rule (7) of rule 2E, or fails to furnish the audit report.
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Tax exemption for notified infrastructure project under section 10(23G) approved, subject to compliance and audit conditions.
Approval is granted to M/s Mapex Infrastructure Pvt Ltd under section 10(23G), read with rule 2E, for assessment years 2002-2003 to 2004-2005 for a BOT project to widen and rehabilitate a stretch of National Highway-2; the approval is conditional on compliance with section 10(23G) and rule 2E and is subject to withdrawal if the undertaking ceases the infrastructure activity, fails required bookkeeping and audit under sub-rule (7) of rule 2E, or fails to furnish the audit report.
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