Tax exemption approval under section ten twenty three G renewed, subject to compliance and withdrawal on cessation or non audit. Renewal of approval under section 10(23G) is notified for M/s Madurai Power Corporation Private Limited for its 106 MW Diesel Engine Power Project, effective from the relevant assessment year. The approval is conditional on conformity with the Income-tax Act and Income-tax Rules, including maintaining books of account, obtaining an accountant's audit, and furnishing the required audit report; the Central Government may withdraw approval if the enterprise ceases eligible business operations or fails these audit and reporting obligations.
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Tax exemption approval under section ten twenty three G renewed, subject to compliance and withdrawal on cessation or non audit.
Renewal of approval under section 10(23G) is notified for M/s Madurai Power Corporation Private Limited for its 106 MW Diesel Engine Power Project, effective from the relevant assessment year. The approval is conditional on conformity with the Income-tax Act and Income-tax Rules, including maintaining books of account, obtaining an accountant's audit, and furnishing the required audit report; the Central Government may withdraw approval if the enterprise ceases eligible business operations or fails these audit and reporting obligations.
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