Tax exemption under section 10(23G) approved for specified infrastructure undertakings, subject to compliance and withdrawal conditions. Approval is granted to specified infrastructure and industrial undertakings for income tax exemption under section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to conformity with those provisions, maintenance of books, audit by an accountant, and furnishing of the audit report as required by sub rule (7) of rule 2E; the Central Government may withdraw approval if the undertaking ceases infrastructure activity or fails to maintain or audit accounts or 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.
Tax exemption under section 10(23G) approved for specified infrastructure undertakings, subject to compliance and withdrawal conditions.
Approval is granted to specified infrastructure and industrial undertakings for income tax exemption under section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to conformity with those provisions, maintenance of books, audit by an accountant, and furnishing of the audit report as required by sub rule (7) of rule 2E; the Central Government may withdraw approval if the undertaking ceases infrastructure activity or fails to maintain or audit accounts or to furnish the audit report.
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