Approval under section 10(23G) grants tax exemption to a VSAT infrastructure operator subject to compliance and audit conditions. Approval is granted under section 10(23G) read with rule 2E for specified assessment years for the development, maintenance and operation of a domestic value added CUG 64KBPS VSAT data network service. The approval is conditional on compliance with statutory provisions and is subject to withdrawal if the undertaking ceases the infrastructure activity, fails to maintain audited books of account as required by rule 2E(7), or fails to 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) grants tax exemption to a VSAT infrastructure operator subject to compliance and audit conditions.
Approval is granted under section 10(23G) read with rule 2E for specified assessment years for the development, maintenance and operation of a domestic value added CUG 64KBPS VSAT data network service. The approval is conditional on compliance with statutory provisions and is subject to withdrawal if the undertaking ceases the infrastructure activity, fails to maintain audited books of account as required by rule 2E(7), or fails to furnish the audit report.
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