Approval under section 10(23G) grants tax-exempt status to specified industrial undertakings subject to compliance and audit conditions. Approval is granted to specified undertakings under section 10(23G), read with rule 2E, for assessment years 2000-2001 to 2002-2003, conditional on compliance with those provisions and the annexure terms notified by the Central Board of Direct Taxes. The Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility, fails to maintain books and obtain the audit required by sub rule (7) of rule 2E, or fails to furnish the required audit report. The notification lists two named industrial park undertakings as approved.
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-exempt status to specified industrial undertakings subject to compliance and audit conditions.
Approval is granted to specified undertakings under section 10(23G), read with rule 2E, for assessment years 2000-2001 to 2002-2003, conditional on compliance with those provisions and the annexure terms notified by the Central Board of Direct Taxes. The Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility, fails to maintain books and obtain the audit required by sub rule (7) of rule 2E, or fails to furnish the required audit report. The notification lists two named industrial park undertakings as approved.
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