Tax exemption approval under section 10(23G) conditional; noncompliance permits government to withdraw approval for infrastructure enterprises. Central Government approved specified enterprises under section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to conditions that the enterprise comply with the statutory provisions; and the approval may be withdrawn if the enterprise ceases to carry on infrastructure facilities, fails to maintain audited books of account as required, or fails to furnish the prescribed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.
Tax exemption approval under section 10(23G) conditional; noncompliance permits government to withdraw approval for infrastructure enterprises.
Central Government approved specified enterprises under section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to conditions that the enterprise comply with the statutory provisions; and the approval may be withdrawn if the enterprise ceases to carry on infrastructure facilities, fails to maintain audited books of account as required, or fails to furnish the prescribed audit report.
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