Approval of M/s HFCL Infotel Ltd (Formerly M/s The Investment Trust of India (Ltd) for the purpose of section 10(23G) of the Income-tax Act, 1961 - 282/2003 - Income Tax Act, 1961
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Tax exemption under section 10(23G) granted to an enterprise, subject to compliance, books maintenance, and audit reporting requirements. Approval is granted to M/s HFCL Infotel Ltd under section 10(23G) read with rule 2E for the notified assessment years, conditional on compliance with statutory provisions, maintenance of books of account, audit by an accountant and furnishing the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases to carry on an infrastructure facility or fails to comply with the audit and reporting requirements.
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 under section 10(23G) granted to an enterprise, subject to compliance, books maintenance, and audit reporting requirements.
Approval is granted to M/s HFCL Infotel Ltd under section 10(23G) read with rule 2E for the notified assessment years, conditional on compliance with statutory provisions, maintenance of books of account, audit by an accountant and furnishing the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases to carry on an infrastructure facility or fails to comply with the audit and reporting requirements.
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