Approval under section 10(23G) recognises tax status for an infrastructure BOT project subject to compliance and audit conditions. Approval under section 10(23G) read with rule 2E was granted to M/s IRB Infrastructure Ltd. for assessment years 1999-2000 to 2001-2002 for its specified BOT bridge and overbridge project, subject to compliance with the cited provisions. The Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain and audit books of account as required by sub rule (7) of rule 2E, or fails to furnish the requisite 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) recognises tax status for an infrastructure BOT project subject to compliance and audit conditions.
Approval under section 10(23G) read with rule 2E was granted to M/s IRB Infrastructure Ltd. for assessment years 1999-2000 to 2001-2002 for its specified BOT bridge and overbridge project, subject to compliance with the cited provisions. The Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain and audit books of account as required by sub rule (7) of rule 2E, or fails to furnish the requisite audit report.
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