Tax exemption approval under section 10(23G) granted subject to compliance and audit conditions for specified infrastructure project. Approval granted to M/s Andhra Pradesh Gas Power Corporation Limited for tax-exempt status for a specified dual-fuel power plant project, conditional on compliance with the statutory provisions for infrastructure undertakings and on maintaining and furnishing audited accounts. The Central Government may withdraw the approval if the undertaking ceases to operate as an infrastructure facility, fails to maintain audited books of account, or fails to furnish the required audit report.
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.
Tax exemption approval under section 10(23G) granted subject to compliance and audit conditions for specified infrastructure project.
Approval granted to M/s Andhra Pradesh Gas Power Corporation Limited for tax-exempt status for a specified dual-fuel power plant project, conditional on compliance with the statutory provisions for infrastructure undertakings and on maintaining and furnishing audited accounts. The Central Government may withdraw the approval if the undertaking ceases to operate as an infrastructure facility, fails to maintain audited books of account, or fails to furnish the required audit report.
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