Approval under section 10(23G) grants specified infrastructure undertakings tax-exempt status subject to compliance and audit conditions. Approval is granted to specified enterprises as infrastructure undertakings for the purposes of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for assessment years 2001-2002 through 2003-2004, subject to conformity with those provisions. The Central Government may withdraw approval if the enterprise ceases to provide infrastructure, fails to maintain and audit books of account per 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.
Approval under section 10(23G) grants specified infrastructure undertakings tax-exempt status subject to compliance and audit conditions.
Approval is granted to specified enterprises as infrastructure undertakings for the purposes of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for assessment years 2001-2002 through 2003-2004, subject to conformity with those provisions. The Central Government may withdraw approval if the enterprise ceases to provide infrastructure, fails to maintain and audit books of account per sub-rule (7) of rule 2E, or fails to furnish the required audit report.
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