Approval of M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. u/ s 10(23G) of the Income-tax Act, 1961

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....taking, listed at para (3) below has been renewed by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962 with effect from the Assessment Year 2005-06 to Assessment Year 2020-2021 (upto 08.11.2019) i.e. for a period of 17 years 6 months as speicified in the concession agreement dt. 09.10.2001 entered into with the Na....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Rules, 1962. (iii) the enterprise mentioned in Para 3 below starts operating and maintaining the infrastructure facility after developing it in terms of Section 80IA(4)(i)(c) of the Income-tax Act, 1961 and in accordance with the concession agreement dated 09.10.2001 entered into with the National Highway Authority of India, failing which the approval shall be withdrawn. 3. The enterprise/under....