Tax exemption approval under section 10(23G) granted subject to strict infrastructure, accounting and audit compliance requirements. Approval is granted to specified enterprises as tax-exempt industrial undertakings under section 10(23G), conditional on conformity with statutory provisions and rule-based requirements. The approval applies to the listed telephone service and power projects for the stated assessment years. The Central Government may withdraw approval if an enterprise ceases to provide the infrastructure facility, fails to maintain books and have them audited by an accountant as required by the rule, 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 approval under section 10(23G) granted subject to strict infrastructure, accounting and audit compliance requirements.
Approval is granted to specified enterprises as tax-exempt industrial undertakings under section 10(23G), conditional on conformity with statutory provisions and rule-based requirements. The approval applies to the listed telephone service and power projects for the stated assessment years. The Central Government may withdraw approval if an enterprise ceases to provide the infrastructure facility, fails to maintain books and have them audited by an accountant as required by the rule, or fails to furnish the required audit report.
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