Approval under section 10(23G) enables specified industrial undertakings to obtain tax-exempt status subject to compliance and audit conditions. Central Government approval is granted to specified undertakings for the purpose of section 10(23G) read with rule 2E, subject to compliance with those statutory provisions and the annexure conditions issued by the Central Board of Direct Taxes; approval is liable to withdrawal if an enterprise ceases to carry on an infrastructure facility, fails to maintain and audit books of account as required by sub rule (7) of rule 2E, 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) enables specified industrial undertakings to obtain tax-exempt status subject to compliance and audit conditions.
Central Government approval is granted to specified undertakings for the purpose of section 10(23G) read with rule 2E, subject to compliance with those statutory provisions and the annexure conditions issued by the Central Board of Direct Taxes; approval is liable to withdrawal if an enterprise ceases to carry on an infrastructure facility, fails to maintain and audit books of account as required by sub rule (7) of rule 2E, or fails to furnish the prescribed audit report.
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