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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>G.V.K. Industries' Power Plant Approved Under Section 10(23G) for 2002-2005 Tax Years; Conditions Apply</h1> G.V.K. Industries Limited has been approved by the Central Government under Section 10(23G) of the Income-tax Act, 1961, for the assessment years 2002-2003, 2003-2004, and 2004-2005. This approval pertains to their 235 MW combined cycle power plant located in Jegurupadu, Andhra Pradesh. The approval is conditional on the enterprise complying with relevant provisions of the Income-tax Act and Rules, maintaining and auditing their accounts, and furnishing the required audit reports. The approval may be withdrawn if the enterprise ceases infrastructure operations or fails to meet these conditions.
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