Tax exemption approval for infrastructure projects under section 10(23G) subject to compliance and possible withdrawal. Approval under section 10(23G) read with rule 2E is granted to specified infrastructure projects for assessment years 1999-2000 to 2001-2002, conditional on compliance with the statutory provisions including maintenance of books, audit under sub rule (7) of rule 2E and furnishing the required audit report; the Central Government may withdraw approval if an enterprise ceases the infrastructure facility or fails the accounting and 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.
Tax exemption approval for infrastructure projects under section 10(23G) subject to compliance and possible withdrawal.
Approval under section 10(23G) read with rule 2E is granted to specified infrastructure projects for assessment years 1999-2000 to 2001-2002, conditional on compliance with the statutory provisions including maintenance of books, audit under sub rule (7) of rule 2E and furnishing the required audit report; the Central Government may withdraw approval if an enterprise ceases the infrastructure facility or fails the accounting and audit obligations.
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