Tax exemption approval under the Income-tax Act for specified infrastructure enterprises subject to accounting, audit and reporting compliance. Approval is granted to specified enterprises for tax exemption under the Income-tax Act, subject to ongoing conformity with the Act and applicable rules, maintenance of books of account, audited accounts and furnishing of the required audit report; the Central Government may withdraw approval if the enterprise ceases providing an infrastructure facility or fails to comply with accounting, 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 under the Income-tax Act for specified infrastructure enterprises subject to accounting, audit and reporting compliance.
Approval is granted to specified enterprises for tax exemption under the Income-tax Act, subject to ongoing conformity with the Act and applicable rules, maintenance of books of account, audited accounts and furnishing of the required audit report; the Central Government may withdraw approval if the enterprise ceases providing an infrastructure facility or fails to comply with accounting, audit or reporting obligations.
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 
