Tax exemption approval under section 10(23G) subject to audit, accounts maintenance and potential withdrawal for noncompliance. Approval under Section 10(23G) read with rule 2E is granted to M/s GVK Jaipur Kishangarh Expressway Pvt. Ltd. for its BOT highway widening and rehabilitation project for specified assessment years, subject to compliance with section 10(23G) and rule 2E, maintenance and audit of books as required by sub rule (7) of rule 2E, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails the accounting 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 approval under section 10(23G) subject to audit, accounts maintenance and potential withdrawal for noncompliance.
Approval under Section 10(23G) read with rule 2E is granted to M/s GVK Jaipur Kishangarh Expressway Pvt. Ltd. for its BOT highway widening and rehabilitation project for specified assessment years, subject to compliance with section 10(23G) and rule 2E, maintenance and audit of books as required by sub rule (7) of rule 2E, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails the accounting and reporting requirements.
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