Approval under section 10(23G) enables specified infrastructure projects to receive tax-exempt status subject to compliance and audits. Approval is granted to specified enterprises under section 10(23G) read with rule 2E for the stated assessment years, subject to conformity with section 10(23G) and rule 2E, maintenance of books of account, obtaining and furnishing the audit report as required by sub rule (7) of rule 2E, and with provision for withdrawal of approval if the enterprise ceases to carry on the infrastructure facility or fails the accounting or audit obligations.
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) enables specified infrastructure projects to receive tax-exempt status subject to compliance and audits.
Approval is granted to specified enterprises under section 10(23G) read with rule 2E for the stated assessment years, subject to conformity with section 10(23G) and rule 2E, maintenance of books of account, obtaining and furnishing the audit report as required by sub rule (7) of rule 2E, and with provision for withdrawal of approval if the enterprise ceases to carry on the infrastructure facility or fails the accounting or audit obligations.
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