Tax exemption approval under section 10(23G) recognises an infrastructure power project, subject to compliance, audit and reporting conditions. Approval is granted to M/s Gujarat State Energy Generation Ltd. for tax-exempt recognition of its Hazira gas-based combined cycle power project for specified assessment years, subject to compliance with the income-tax provision and applicable rules, maintenance of books, audit by a qualified accountant and furnishing of the required audit report; the Central Government may withdraw approval if the undertaking ceases to be an infrastructure facility or fails to meet the accounting or audit/reporting obligations.
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) recognises an infrastructure power project, subject to compliance, audit and reporting conditions.
Approval is granted to M/s Gujarat State Energy Generation Ltd. for tax-exempt recognition of its Hazira gas-based combined cycle power project for specified assessment years, subject to compliance with the income-tax provision and applicable rules, maintenance of books, audit by a qualified accountant and furnishing of the required audit report; the Central Government may withdraw approval if the undertaking ceases to be an infrastructure facility or fails to meet the accounting or audit/reporting obligations.
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