Tax exemption approval under section 10(23G) granted to power project, subject to compliance and audit conditions. Approval is granted to a 335 MW liquid-fuel power generation project at Kondapalli by Lanco Kondapalli Power Limited for assessment years 2002-2003 through 2004-2005, conditional on conformity with the tax provision and implementing rule. The Central Government may withdraw approval if the undertaking ceases to carry on an infrastructure facility, fails to maintain books of account and obtain audits as required, or fails to furnish the prescribed 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 to power project, subject to compliance and audit conditions.
Approval is granted to a 335 MW liquid-fuel power generation project at Kondapalli by Lanco Kondapalli Power Limited for assessment years 2002-2003 through 2004-2005, conditional on conformity with the tax provision and implementing rule. The Central Government may withdraw approval if the undertaking ceases to carry on an infrastructure facility, fails to maintain books of account and obtain audits as required, or fails to furnish the prescribed audit report.
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