Approval under section 10(23G) ensures listed infrastructure enterprises retain exemption subject to compliance and audit. Approval is granted to specific enterprises for the purpose of tax exemption under section 10(23G) for assessment years 2001-2004, conditional on compliance with the statute and rules, maintenance of books of account, audit by an accountant, and furnishing of the audit report. The Central Government may withdraw approval if an enterprise ceases to carry on an infrastructure facility or fails to maintain accounts, obtain the required audit, 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) ensures listed infrastructure enterprises retain exemption subject to compliance and audit.
Approval is granted to specific enterprises for the purpose of tax exemption under section 10(23G) for assessment years 2001-2004, conditional on compliance with the statute and rules, maintenance of books of account, audit by an accountant, and furnishing of the audit report. The Central Government may withdraw approval if an enterprise ceases to carry on an infrastructure facility or fails to maintain accounts, obtain the required audit, or furnish the audit report.
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