Approval under section 10(23G) grants ISP tax-exempt status subject to compliance, audit and reporting conditions. Approval is granted to M/s BSES Telecom Limited, ISP Division, for tax exemption as an infrastructure provider covering internet services, data centre facilities and an international satellite gateway under the licence agreement; the approval is conditional on conformity with the exemption provisions and the procedural rule, including maintaining books of account, having accounts audited by a qualified accountant and furnishing the required audit report, and may be withdrawn if the undertaking ceases the infrastructure activity or fails the audit and reporting requirements.