Approval under section 10(23G) grants tax benefit to listed infrastructure enterprises, subject to audit and compliance requirements. Specified enterprises are approved for tax benefits under the income-tax provision for infrastructure facilities for assessment years 1998-99 to 2000-2001, subject to compliance with the provision and applicable rules, maintenance of books of account, obtaining and furnishing the required audit report, and continuation of infrastructure activity; the Central Government may withdraw approval upon cessation of the facility or failure to maintain or audit accounts or to furnish the 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 benefit to listed infrastructure enterprises, subject to audit and compliance requirements.
Specified enterprises are approved for tax benefits under the income-tax provision for infrastructure facilities for assessment years 1998-99 to 2000-2001, subject to compliance with the provision and applicable rules, maintenance of books of account, obtaining and furnishing the required audit report, and continuation of infrastructure activity; the Central Government may withdraw approval upon cessation of the facility or failure to maintain or audit accounts or to furnish the audit report.
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