Approval under section 10(23G) grants conditional tax exemption to designated industrial undertakings subject to compliance and audit requirements. Approval is granted to specified industrial undertakings for tax exemption under section 10(23G), read with rule 2E, for assessment years 2001-2004, subject to compliance with rule 2E, including maintaining books of account, obtaining an audit, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails to maintain or audit accounts or furnish the 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) grants conditional tax exemption to designated industrial undertakings subject to compliance and audit requirements.
Approval is granted to specified industrial undertakings for tax exemption under section 10(23G), read with rule 2E, for assessment years 2001-2004, subject to compliance with rule 2E, including maintaining books of account, obtaining an audit, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails to maintain or audit accounts or furnish the audit report.
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