Approval under section 10(23G) permits tax-favoured status for telecom infrastructure projects subject to compliance and audit conditions. Approval under Section 10(23G) grants tax-favoured status to Reliance Communication Pvt. Ltd.'s National Long Distance Service project for specified assessment years, conditional on conformity with the Income-tax Act and Rules, execution of the required Department of Telecommunication licence agreement, and continued operation; the Central Government may withdraw approval if the enterprise ceases the infrastructure facility, fails to maintain audited books as required, or fails to furnish the prescribed 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) permits tax-favoured status for telecom infrastructure projects subject to compliance and audit conditions.
Approval under Section 10(23G) grants tax-favoured status to Reliance Communication Pvt. Ltd.'s National Long Distance Service project for specified assessment years, conditional on conformity with the Income-tax Act and Rules, execution of the required Department of Telecommunication licence agreement, and continued operation; the Central Government may withdraw approval if the enterprise ceases the infrastructure facility, fails to maintain audited books as required, or fails to furnish the prescribed audit report.
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