Approval under section 10(23G) granted for an infrastructure BOT project, subject to compliance and audit conditions. Approval is granted to M/s Mahakali Flyover Limited for the purposes of section 10(23G), read with rule 2E, for assessment years 2000-01 to 2002-03 for its six-lane, 1453 metre BOT flyover project on the Western Express Highway. The approval is conditional on compliance with the cited provisions and is subject to withdrawal if the undertaking ceases to carry on an infrastructure facility, fails to maintain books and obtain audits as required by sub-rule (7) of rule 2E, or fails to furnish the mandated 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.
Approval under section 10(23G) granted for an infrastructure BOT project, subject to compliance and audit conditions.
Approval is granted to M/s Mahakali Flyover Limited for the purposes of section 10(23G), read with rule 2E, for assessment years 2000-01 to 2002-03 for its six-lane, 1453 metre BOT flyover project on the Western Express Highway. The approval is conditional on compliance with the cited provisions and is subject to withdrawal if the undertaking ceases to carry on an infrastructure facility, fails to maintain books and obtain audits as required by sub-rule (7) of rule 2E, or fails to furnish the mandated 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 
