Tax exemption approval for infrastructure projects: government granted conditional recognition subject to compliance and audit requirements. The Central Government approved specified water supply and sewerage infrastructure projects under section 10(23G) for assessment years 1999-2000 to 2001-2002, subject to conditions that enterprises comply with statutory eligibility and procedural requirements, maintain books of account, have accounts audited and furnish the audit report; approval may be withdrawn if the enterprise ceases to carry on an infrastructure facility or fails the audit or reporting obligations.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: government granted conditional recognition subject to compliance and audit requirements.
The Central Government approved specified water supply and sewerage infrastructure projects under section 10(23G) for assessment years 1999-2000 to 2001-2002, subject to conditions that enterprises comply with statutory eligibility and procedural requirements, maintain books of account, have accounts audited and furnish the audit report; approval may be withdrawn if the enterprise ceases to carry on an infrastructure facility or fails the audit or reporting obligations.
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