Tax exemption under section 10(23G): approval for infrastructure project subject to compliance and audit conditions. Approval under section 10(23G) was granted to Suraj Agro Products (P.) Ltd. for developing, maintaining and operating bulk liquid storage terminals at Chennai Port, conditional on compliance with section 10(23G) read with rule 2E. The Central Government may withdraw approval if the enterprise ceases the infrastructure activity, fails to maintain books and obtain the audit required by sub rule (7) of rule 2E, or fails to furnish the required 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.
Tax exemption under section 10(23G): approval for infrastructure project subject to compliance and audit conditions.
Approval under section 10(23G) was granted to Suraj Agro Products (P.) Ltd. for developing, maintaining and operating bulk liquid storage terminals at Chennai Port, conditional on compliance with section 10(23G) read with rule 2E. The Central Government may withdraw approval if the enterprise ceases the infrastructure activity, fails to maintain books and obtain the audit required by sub rule (7) of rule 2E, or fails to furnish the required audit report.
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 
