Tax exemption approval for infrastructure projects conditioned on compliance and subject to governmental withdrawal for non-compliance. Approval under section 10(23G) read with rule 2E was granted to M/s East Coast Consultants and Infrastructure Limited for its BOT bridge project, subject to compliance with section 10(23G) and rule 2E, maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to maintain, audit, or furnish required accounts and reports.
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 for infrastructure projects conditioned on compliance and subject to governmental withdrawal for non-compliance.
Approval under section 10(23G) read with rule 2E was granted to M/s East Coast Consultants and Infrastructure Limited for its BOT bridge project, subject to compliance with section 10(23G) and rule 2E, maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to maintain, audit, or furnish required accounts and reports.
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