Tax approval under section 10(23G) granted for hydro power project, conditional on continued infrastructure status and audited accounts. Approval is granted to M/s. Jaiprakash Hydro Power Limited for tax-exempt status under section 10(23G) read with rule 2E for its 300 MW Baspa II hydro-electric power project; the grant is conditional on compliance with the Act and Rules, maintenance of books of account, obtaining the audit required by sub-rule (7) of rule 2E and furnishing the prescribed audit report, and is subject to withdrawal if the undertaking ceases the infrastructure activity or fails the audit or reporting requirements.
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Tax approval under section 10(23G) granted for hydro power project, conditional on continued infrastructure status and audited accounts.
Approval is granted to M/s. Jaiprakash Hydro Power Limited for tax-exempt status under section 10(23G) read with rule 2E for its 300 MW Baspa II hydro-electric power project; the grant is conditional on compliance with the Act and Rules, maintenance of books of account, obtaining the audit required by sub-rule (7) of rule 2E and furnishing the prescribed audit report, and is subject to withdrawal if the undertaking ceases the infrastructure activity or fails the audit or reporting requirements.
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