Tax exemption under section 10(23G) granted subject to compliance; approval withdrawable if infrastructure ceases or audit obligations fail. Approval is granted to M/s Power Grid Corporation of India Ltd for tax exemption under section 10(23G) read with rule 2E for specified assessment years for the Tehri Hydro Electric Project transmission system, subject to conformity with statutory provisions and to withdrawal if the enterprise ceases infrastructure operations, fails to maintain audited books of account, or fails to furnish the required audit report.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 10(23G) granted subject to compliance; approval withdrawable if infrastructure ceases or audit obligations fail.
Approval is granted to M/s Power Grid Corporation of India Ltd for tax exemption under section 10(23G) read with rule 2E for specified assessment years for the Tehri Hydro Electric Project transmission system, subject to conformity with statutory provisions and to withdrawal if the enterprise ceases infrastructure operations, fails to maintain audited books of account, or fails to furnish the required audit report.
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