Approval under section 10(23G) conditions tax benefit on eligible business, maintenance of accounts and audited reports. Approval is granted to M/s OPG Energy Pvt. Ltd. for income-tax exemption applicable to its collective captive power plant, subject to compliance with eligibility and procedural requirements, maintenance of books, audit by a qualified accountant, and furnishing of the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases the eligible business or fails to maintain or audit accounts or to furnish the 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) conditions tax benefit on eligible business, maintenance of accounts and audited reports.
Approval is granted to M/s OPG Energy Pvt. Ltd. for income-tax exemption applicable to its collective captive power plant, subject to compliance with eligibility and procedural requirements, maintenance of books, audit by a qualified accountant, and furnishing of the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases the eligible business or fails to maintain or audit accounts or to furnish the audit report.
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