Section 10(23G) approval granted to L&T Infocity Ltd for an industrial park, conditional on compliance and audit requirements. Approval is granted to M/s L&T Infocity Ltd for its industrial park project as an enterprise/industrial undertaking under the income-tax exemption provision read with the applicable rule, subject to compliance with that provision and the rule, including maintenance of books, audit by an accountant and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations, fails to maintain audited accounts, or fails 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.
Section 10(23G) approval granted to L&T Infocity Ltd for an industrial park, conditional on compliance and audit requirements.
Approval is granted to M/s L&T Infocity Ltd for its industrial park project as an enterprise/industrial undertaking under the income-tax exemption provision read with the applicable rule, subject to compliance with that provision and the rule, including maintenance of books, audit by an accountant and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations, fails to maintain audited accounts, or fails to furnish the audit report.
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