Tax exemption approval for infrastructure undertaking conditional on continued operation and mandated audit compliance. Approval under section 10(23G) read with rule 2E was granted to M/s GMR Tambaram Tindivanam Expressways (P) Ltd for specified assessment years for its BOT highway strengthening and widening project, subject to continued operation as an infrastructure facility and strict compliance with maintenance of books, audit by an accountant and submission of the audit report under sub-rule (7) of rule 2E, failing which the Central Government may withdraw the approval.
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Tax exemption approval for infrastructure undertaking conditional on continued operation and mandated audit compliance.
Approval under section 10(23G) read with rule 2E was granted to M/s GMR Tambaram Tindivanam Expressways (P) Ltd for specified assessment years for its BOT highway strengthening and widening project, subject to continued operation as an infrastructure facility and strict compliance with maintenance of books, audit by an accountant and submission of the audit report under sub-rule (7) of rule 2E, failing which the Central Government may withdraw the approval.
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