Approval under section 10(23G) grants tax-exempt status to listed infrastructure undertakings, conditional on compliance and audits. Approval confers tax-exempt status on specified infrastructure enterprises for assessment years 2001-2002 to 2003-2004, subject to compliance with the Income-tax statutory provisions and rule 2E procedural requirements. The Central Government may withdraw approval if an undertaking ceases infrastructure operations, fails to maintain books of account and secure an accountant's audit, or fails to furnish the required audit report. The notification lists three approved projects: Lodhana hydroelectric (3 MW), a cellular mobile service in Chennai, and Larji and Ghanvi hydroelectric 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.
Approval under section 10(23G) grants tax-exempt status to listed infrastructure undertakings, conditional on compliance and audits.
Approval confers tax-exempt status on specified infrastructure enterprises for assessment years 2001-2002 to 2003-2004, subject to compliance with the Income-tax statutory provisions and rule 2E procedural requirements. The Central Government may withdraw approval if an undertaking ceases infrastructure operations, fails to maintain books of account and secure an accountant's audit, or fails to furnish the required audit report. The notification lists three approved projects: Lodhana hydroelectric (3 MW), a cellular mobile service in Chennai, and Larji and Ghanvi hydroelectric projects.
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