Tax exemption approval under section 10(23G) requires ongoing compliance with rule 2E or approval may be withdrawn. Approval is granted to M/s Chennai Container Terminal Private Limited for tax-exempt status for specified assessment years for its Chennai Container Terminal development and management project, conditional on conformity with the statutory provision and implementing rule, including maintaining books of account, obtaining an audit by an accountant, and furnishing the required audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails these audit and 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Tax exemption approval under section 10(23G) requires ongoing compliance with rule 2E or approval may be withdrawn.
Approval is granted to M/s Chennai Container Terminal Private Limited for tax-exempt status for specified assessment years for its Chennai Container Terminal development and management project, conditional on conformity with the statutory provision and implementing rule, including maintaining books of account, obtaining an audit by an accountant, and furnishing the required audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails these audit and reporting obligations.
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 
