Section 10(23G) approval for infrastructure enterprise granted, subject to compliance, audit obligations and withdrawal on noncompliance. Approval granted to M/s Malana Power Company Limited for income-tax exemption under section 10(23G) in respect of the 86 MW Malana Hydro Electric Project. The approval is conditional on compliance with the statutory exemption framework and rules, maintenance of books of account, obtaining an accountant's audit and furnishing the required audit report; the Central Government may withdraw approval if the undertaking ceases to be an infrastructure facility or fails to comply with these audit and record-keeping requirements.
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Section 10(23G) approval for infrastructure enterprise granted, subject to compliance, audit obligations and withdrawal on noncompliance.
Approval granted to M/s Malana Power Company Limited for income-tax exemption under section 10(23G) in respect of the 86 MW Malana Hydro Electric Project. The approval is conditional on compliance with the statutory exemption framework and rules, maintenance of books of account, obtaining an accountant's audit and furnishing the required audit report; the Central Government may withdraw approval if the undertaking ceases to be an infrastructure facility or fails to comply with these audit and record-keeping requirements.
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