Tax exemption approval under section 10(23G) preserves tax-exempt status for specified infrastructure undertakings subject to compliance. Approval is granted to specified enterprise and industrial undertakings for tax exemption under section 10(23G), read with rule 2E, for assessment years 1999-2002, subject to compliance with those provisions. The Central Government may withdraw approval if an undertaking ceases to provide an infrastructure facility, fails to maintain books of account and obtain an audit as required, or fails to furnish the required 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.
Tax exemption approval under section 10(23G) preserves tax-exempt status for specified infrastructure undertakings subject to compliance.
Approval is granted to specified enterprise and industrial undertakings for tax exemption under section 10(23G), read with rule 2E, for assessment years 1999-2002, subject to compliance with those provisions. The Central Government may withdraw approval if an undertaking ceases to provide an infrastructure facility, fails to maintain books of account and obtain an audit as required, or fails to furnish the required audit report.
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