Approval under section 10(23G) confirms tax-exempt recognition for a telecom enterprise subject to compliance and audit conditions. Approval is granted to M/s Bharati Telesonic Ltd. under section 10(23G) read with rule 2E for specified assessment years for its domestic and international long distance telephony services, subject to compliance with the statutory provisions and the condition that it continue to provide an infrastructure facility; the Central Government may withdraw approval if the undertaking ceases the facility, fails to maintain books of account and obtain an audit as required, or fails to furnish the requisite 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) confirms tax-exempt recognition for a telecom enterprise subject to compliance and audit conditions.
Approval is granted to M/s Bharati Telesonic Ltd. under section 10(23G) read with rule 2E for specified assessment years for its domestic and international long distance telephony services, subject to compliance with the statutory provisions and the condition that it continue to provide an infrastructure facility; the Central Government may withdraw approval if the undertaking ceases the facility, fails to maintain books of account and obtain an audit as required, or fails to furnish the requisite audit report.
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