Tax exemption approval permits infrastructure undertakings subject to compliance with bookkeeping and audit obligations. Approval under section 10(23G) is granted for specified assessment years to an infrastructure undertaking on the condition that it comply with the statutory provisions and rule requirements, maintain books of account, have those accounts audited by an accountant, and furnish the required audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to meet bookkeeping, audit, or 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 permits infrastructure undertakings subject to compliance with bookkeeping and audit obligations.
Approval under section 10(23G) is granted for specified assessment years to an infrastructure undertaking on the condition that it comply with the statutory provisions and rule requirements, maintain books of account, have those accounts audited by an accountant, and furnish the required audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to meet bookkeeping, audit, or reporting obligations.
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