Tax exemption approval under section 10(23G) for cogeneration project subject to compliance and audit conditions. Approval under section 10(23G) has been granted to M/s HPL Cogeneration Limited for its combined cycle cogeneration power project, subject to compliance with the Income-tax Act and Income-tax Rules. The approval is conditional on maintaining books of account, obtaining and furnishing audit reports as mandated by the rules, continuing to operate as an infrastructure facility, and remains subject to withdrawal by the Central Government if these conditions are not met.
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Tax exemption approval under section 10(23G) for cogeneration project subject to compliance and audit conditions.
Approval under section 10(23G) has been granted to M/s HPL Cogeneration Limited for its combined cycle cogeneration power project, subject to compliance with the Income-tax Act and Income-tax Rules. The approval is conditional on maintaining books of account, obtaining and furnishing audit reports as mandated by the rules, continuing to operate as an infrastructure facility, and remains subject to withdrawal by the Central Government if these conditions are not met.
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