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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rajahmundry Expressway Ltd gains Central Government approval under Section 10(23G) for infrastructure project, subject to compliance.</h1> M/s Rajahmundry Expressway Ltd has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2001-2002, 2002-2003, and 2003-2004. This approval is contingent upon compliance with section 10(23G) of the Income-tax Act and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the company ceases its infrastructure operations, fails to maintain and audit its accounts, or does not submit the required audit report. The project involves developing, maintaining, and operating a 4-lane carriageway on National Highway No. 5 in Andhra Pradesh.
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