Approval under section 10(23G) conditions tax exemption for specified infrastructure enterprises subject to compliance and audit requirements. Approval under section 10(23G) is granted to specified water supply and sewage treatment projects subject to conformity with section 10(23G) and rule 2E of the Income-tax Rules; the approval is conditional on maintaining books of account, obtaining the required audit and furnishing the audit report, and may be withdrawn if the enterprise ceases the infrastructure activity or fails the audit or reporting requirements.
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) conditions tax exemption for specified infrastructure enterprises subject to compliance and audit requirements.
Approval under section 10(23G) is granted to specified water supply and sewage treatment projects subject to conformity with section 10(23G) and rule 2E of the Income-tax Rules; the approval is conditional on maintaining books of account, obtaining the required audit and furnishing the audit report, and may be withdrawn if the enterprise ceases the infrastructure activity or fails the audit or reporting requirements.
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