Approval under section 10(23G) confers tax-exempt status on specified infrastructure enterprises subject to compliance conditions. Approval is granted to specified enterprises for tax exemption under section 10(23G) read with rule 2E, subject to conformity with statutory provisions; the Central Government may withdraw approval if the enterprise ceases to provide an infrastructure facility, fails to maintain audited books of account, 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.
Approval under section 10(23G) confers tax-exempt status on specified infrastructure enterprises subject to compliance conditions.
Approval is granted to specified enterprises for tax exemption under section 10(23G) read with rule 2E, subject to conformity with statutory provisions; the Central Government may withdraw approval if the enterprise ceases to provide an infrastructure facility, fails to maintain audited books of account, or fails to furnish the required audit report.
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