Tax exemption approval under section 10(23G) enables an IT Park infrastructure project subject to compliance and audit requirements. Approval is granted to M/s Information Technology Park Ltd for tax exemption under section 10(23G) read with rule 2E for specified assessment years for its development, maintenance and operation of an Industrial Park at International Tech Park, Whitefield Road, Bangalore, subject to compliance with the statutory provisions and withdrawal if it ceases to provide infrastructure, fails to maintain books and get them audited, or fails to furnish the audit report.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption approval under section 10(23G) enables an IT Park infrastructure project subject to compliance and audit requirements.
Approval is granted to M/s Information Technology Park Ltd for tax exemption under section 10(23G) read with rule 2E for specified assessment years for its development, maintenance and operation of an Industrial Park at International Tech Park, Whitefield Road, Bangalore, subject to compliance with the statutory provisions and withdrawal if it ceases to provide infrastructure, fails to maintain books and get them audited, or fails to furnish the audit report.
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