Approval under section 10(23G) enables infrastructure projects to claim tax exemption subject to compliance and audited accounts. Approval is granted to specified enterprises for the purpose of section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to compliance with section 10(23G) and rule 2E; maintenance of books of account and audit by an accountant as required by sub rule (7) of rule 2E; furnishing the audit report; and with the Central Government empowered to withdraw approval if the undertaking ceases to carry on infrastructure facility or fails to maintain, audit, or furnish audited accounts.
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) enables infrastructure projects to claim tax exemption subject to compliance and audited accounts.
Approval is granted to specified enterprises for the purpose of section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to compliance with section 10(23G) and rule 2E; maintenance of books of account and audit by an accountant as required by sub rule (7) of rule 2E; furnishing the audit report; and with the Central Government empowered to withdraw approval if the undertaking ceases to carry on infrastructure facility or fails to maintain, audit, or furnish audited accounts.
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