Section 10(23G) approval maintained for infrastructure project, conditional on compliance, audit requirements and agreement obligations. Approval is granted to M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. under the income tax exemption for infrastructure undertakings for assessment years 2002-2003 to 2004-2005, conditional on conformity with the relevant income tax provision and rules. The Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility, fails to maintain books and obtain the required audit by an accountant, or fails to furnish the prescribed audit report.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 10(23G) approval maintained for infrastructure project, conditional on compliance, audit requirements and agreement obligations.
Approval is granted to M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. under the income tax exemption for infrastructure undertakings for assessment years 2002-2003 to 2004-2005, conditional on conformity with the relevant income tax provision and rules. The Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility, fails to maintain books and obtain the required audit by an accountant, or fails to furnish the prescribed audit report.
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