Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Enterprises must use Form 56E for approval under section 10 clause (23G); maintain audited accounts or risk withdrawal.</h1> Applications for approval under clause (23G) of section 10 must be submitted by enterprises to the Central Government using Form No. 56E. Required documents include a certificate of incorporation, project report or agreement, and financial statements for the past three years. Approval is granted if the enterprise is fully engaged in eligible business. The government may request additional information and will provide written approval or denial, ensuring the enterprise is heard before refusal. Approved enterprises must maintain audited accounts. Approval may be withdrawn if the enterprise ceases eligible business, fails to maintain accounts, or does not submit audit reports. Eligible business includes specific projects under sections 80-IA and 80-IB.