Tax exemption approval under section 10(23G) granted for specified infrastructure projects, subject to compliance and audit conditions. Approval under section 10(23G) is granted to specified enterprises and industrial undertakings subject to conformity with section 10(23G) read with rule 2E. Conditions include maintaining books of account, obtaining an accountant's audit where required, and furnishing the audit report as per sub rule (7) of rule 2E. The Central Government may withdraw approval if an undertaking ceases to carry on an infrastructure facility or fails to comply with the bookkeeping, audit or audit reporting obligations. The notification names the specific approved infrastructure and power projects to which this conditional approval applies.
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) granted for specified infrastructure projects, subject to compliance and audit conditions.
Approval under section 10(23G) is granted to specified enterprises and industrial undertakings subject to conformity with section 10(23G) read with rule 2E. Conditions include maintaining books of account, obtaining an accountant's audit where required, and furnishing the audit report as per sub rule (7) of rule 2E. The Central Government may withdraw approval if an undertaking ceases to carry on an infrastructure facility or fails to comply with the bookkeeping, audit or audit reporting obligations. The notification names the specific approved infrastructure and power projects to which this conditional approval applies.
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