Tax exemption approval under section 10(23G) granted conditionally, subject to compliance and audit requirements and possible withdrawal. Approval is granted to Gujarat Power Gen Energy Corporation Ltd under section 10(23G) of the Income-tax Act, read with rule 2E of the Income-tax Rules, for specified assessment years, subject to compliance with those provisions. Conditions include maintaining books of account, obtaining and furnishing the audit report required by sub rule (7) of rule 2E, and continuing to carry on the infrastructure facility; the Central Government may withdraw approval for cessation of activity or failure to comply with accounting and audit requirements.
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Tax exemption approval under section 10(23G) granted conditionally, subject to compliance and audit requirements and possible withdrawal.
Approval is granted to Gujarat Power Gen Energy Corporation Ltd under section 10(23G) of the Income-tax Act, read with rule 2E of the Income-tax Rules, for specified assessment years, subject to compliance with those provisions. Conditions include maintaining books of account, obtaining and furnishing the audit report required by sub rule (7) of rule 2E, and continuing to carry on the infrastructure facility; the Central Government may withdraw approval for cessation of activity or failure to comply with accounting and audit requirements.
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