Tax exemption approval under section 10(23G) subject to compliance and audit conditions for approved infrastructure enterprises. Approval is granted to certain enterprises as approved enterprise/industrial for the purposes of section 10(23G) of the Income-tax Act read with rule 2E of the Income-tax Rules for specified assessment years, conditional on conformity with those provisions. The Central Government may withdraw approval if the enterprise ceases to provide an infrastructure facility, fails to maintain books of account or get them audited as required by rule 2E, 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.
Tax exemption approval under section 10(23G) subject to compliance and audit conditions for approved infrastructure enterprises.
Approval is granted to certain enterprises as approved enterprise/industrial for the purposes of section 10(23G) of the Income-tax Act read with rule 2E of the Income-tax Rules for specified assessment years, conditional on conformity with those provisions. The Central Government may withdraw approval if the enterprise ceases to provide an infrastructure facility, fails to maintain books of account or get them audited as required by rule 2E, or fails to furnish the required audit report.
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