Tax exemption under section 10(23G) grants conditional income tax benefit for a BOT railway overbridge project. Approval is granted to M/s Ashoka Vastushilp Pvt Ltd under section 10(23G) read with rule 2E of the Income tax Rules for its BOT project to construct a railway overbridge, subject to compliance with the statutory provisions; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity, fails to maintain audited books as required, 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.
Tax exemption under section 10(23G) grants conditional income tax benefit for a BOT railway overbridge project.
Approval is granted to M/s Ashoka Vastushilp Pvt Ltd under section 10(23G) read with rule 2E of the Income tax Rules for its BOT project to construct a railway overbridge, subject to compliance with the statutory provisions; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity, fails to maintain audited books as required, or fails to furnish the mandated audit report.
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