Approval under section 10(23G) grants tax-exempt status to an infrastructure enterprise subject to compliance and audit conditions. Approval under section 10(23G) has been granted to Sardar Sarovar Narmada Nigam Ltd for its power generation, water supply and irrigation projects, conditioned on conformity with the section and applicable rules. The approval is subject to withdrawal if the enterprise ceases to carry on an infrastructure facility, fails to maintain books of account or obtain the requisite audit by a qualified accountant, or fails to furnish the prescribed audit report.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 10(23G) grants tax-exempt status to an infrastructure enterprise subject to compliance and audit conditions.
Approval under section 10(23G) has been granted to Sardar Sarovar Narmada Nigam Ltd for its power generation, water supply and irrigation projects, conditioned on conformity with the section and applicable rules. The approval is subject to withdrawal if the enterprise ceases to carry on an infrastructure facility, fails to maintain books of account or obtain the requisite audit by a qualified accountant, or fails to furnish the prescribed audit report.
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