Tax exemption approval under section 10(23G) remains subject to maintaining eligible business status and audit compliance. Approval granted to M/s Ashoka Infraways Pvt. Ltd. for tax-exempt status for its Dewas Bypass Road BOT project, effective from assessment year 2003 04 to assessment year 2016 17 (up to 14 04 2015), based on the concession and substitution agreements. The approval is subject to compliance with statutory eligibility criteria, maintenance of books of account, and furnishing the required audit report; the Central Government may withdraw approval for cessation of eligible business, failure to maintain and audit accounts, or failure to furnish the audit report.
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Tax exemption approval under section 10(23G) remains subject to maintaining eligible business status and audit compliance.
Approval granted to M/s Ashoka Infraways Pvt. Ltd. for tax-exempt status for its Dewas Bypass Road BOT project, effective from assessment year 2003 04 to assessment year 2016 17 (up to 14 04 2015), based on the concession and substitution agreements. The approval is subject to compliance with statutory eligibility criteria, maintenance of books of account, and furnishing the required audit report; the Central Government may withdraw approval for cessation of eligible business, failure to maintain and audit accounts, or failure to furnish the audit report.
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