Approval under section 10(23G) for infrastructure projects requires compliance; approval may be withdrawn for failure to maintain accounts or audits. Approval is granted to an infrastructure enterprise for tax exemption under section 10(23G), conditional on compliance with the statute and rules, including maintenance of books of account and furnishing the required 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 furnish the audit report. The approved project is the construction, operation and maintenance of a new bridge over the River Amaravati by M/s East Coast Consultants & Infrastructure Ltd on a Build-Operate-Transfer basis.
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Approval under section 10(23G) for infrastructure projects requires compliance; approval may be withdrawn for failure to maintain accounts or audits.
Approval is granted to an infrastructure enterprise for tax exemption under section 10(23G), conditional on compliance with the statute and rules, including maintenance of books of account and furnishing the required 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 furnish the audit report. The approved project is the construction, operation and maintenance of a new bridge over the River Amaravati by M/s East Coast Consultants & Infrastructure Ltd on a Build-Operate-Transfer basis.
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