Tax exemption approval under section 10(23G) subject to withdrawal for failure to maintain or furnish audited accounts. Approval was granted to M/s Pipavav Railway Corporation Private Ltd for its Broad Gauge Rail Link project as an eligible infrastructure enterprise for specified assessment years, subject to compliance with tax-exemption provisions and prescribed audit and recordkeeping requirements; the Central Government may withdraw approval if the enterprise ceases infrastructure operations, fails to maintain audited books, 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 withdrawal for failure to maintain or furnish audited accounts.
Approval was granted to M/s Pipavav Railway Corporation Private Ltd for its Broad Gauge Rail Link project as an eligible infrastructure enterprise for specified assessment years, subject to compliance with tax-exemption provisions and prescribed audit and recordkeeping requirements; the Central Government may withdraw approval if the enterprise ceases infrastructure operations, fails to maintain audited books, or fails to furnish the required audit report.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
