Income-tax exemption under section 10(23G) approved for specified infrastructure projects, subject to compliance and audit conditions. Approval is granted to specified infrastructure projects for income tax exemption under section 10(23G), read with rule 2E, subject to compliance with those provisions. Each approved enterprise must maintain books of account, obtain the audit required by sub rule (7) of rule 2E, and furnish the audit report; the Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility or fails to maintain audited 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.
Income-tax exemption under section 10(23G) approved for specified infrastructure projects, subject to compliance and audit conditions.
Approval is granted to specified infrastructure projects for income tax exemption under section 10(23G), read with rule 2E, subject to compliance with those provisions. Each approved enterprise must maintain books of account, obtain the audit required by sub rule (7) of rule 2E, and furnish the audit report; the Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility or fails to maintain audited accounts or to furnish the audit report.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
