Tax exemption approval under section 10(23G) for a BOT bridge project, conditioned on compliance and audit reporting. Approval under section 10(23G) read with rule 2E is granted to M/s Ashoka Infra Pvt Limited for its BOT bridge project with toll rights for specified assessment years, subject to compliance with the provisions and the maintenance and audit of books as required by sub-rule (7) of rule 2E, and subject to withdrawal if the undertaking ceases the infrastructure activity or fails to comply with the audit and reporting requirements.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption approval under section 10(23G) for a BOT bridge project, conditioned on compliance and audit reporting.
Approval under section 10(23G) read with rule 2E is granted to M/s Ashoka Infra Pvt Limited for its BOT bridge project with toll rights for specified assessment years, subject to compliance with the provisions and the maintenance and audit of books as required by sub-rule (7) of rule 2E, and subject to withdrawal if the undertaking ceases the infrastructure activity or fails to comply with the audit and reporting requirements.
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