Tax exemption approval under section 10(23G) conditions entitlement on compliance, audit and continuation of infrastructure activity. Approval is granted to M/s Bharti Mobile Ltd for tax exemption under a specified provision of the Income-tax Act for the assessment years 2001-2004, subject to conformity with the statutory provision and rule. The approval may be withdrawn if the enterprise ceases the infrastructure activity, fails to maintain or audit books of account as required, or fails to furnish the prescribed audit report.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) conditions entitlement on compliance, audit and continuation of infrastructure activity.
Approval is granted to M/s Bharti Mobile Ltd for tax exemption under a specified provision of the Income-tax Act for the assessment years 2001-2004, subject to conformity with the statutory provision and rule. The approval may be withdrawn if the enterprise ceases the infrastructure activity, fails to maintain or audit books of account as required, or fails to furnish the prescribed audit report.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 
