Tax-exemption approval under section 10(23G) conditioned on infrastructure use and statutory audit compliance for specified assessment years. Approval is granted to specified enterprises for tax exemption under section 10(23G) read with rule 2E for the assessment years 1999-2000 to 2001-2002, conditional on compliance with section 10(23G) and rule 2E, including maintenance of books, audit under sub-rule (7) of rule 2E and furnishing the audit report. The Central Government may withdraw approval if an enterprise ceases to provide an infrastructure facility or fails to maintain or audit books or to furnish the required audit report; the notification lists the approved power projects.
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) conditioned on infrastructure use and statutory audit compliance for specified assessment years.
Approval is granted to specified enterprises for tax exemption under section 10(23G) read with rule 2E for the assessment years 1999-2000 to 2001-2002, conditional on compliance with section 10(23G) and rule 2E, including maintenance of books, audit under sub-rule (7) of rule 2E and furnishing the audit report. The Central Government may withdraw approval if an enterprise ceases to provide an infrastructure facility or fails to maintain or audit books or to furnish the required audit report; the notification lists the approved power projects.
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