Approval under section 10(23G) grants tax benefit to a biomass power undertaking, subject to compliance and audit conditions. Central Government approved M/s Veeriah Non-Conventional Power Projects Ltd for treatment under section 10(23G) for its 4 MW biomass power plant for assessment years 2002-2003 to 2004-2005, subject to compliance with the statutory provisions and rules. Approval is conditional on conformity with the provision and the relevant rules, and is withdrawable if the undertaking ceases the infrastructure activity, fails to maintain and audit books of account, or fails to furnish the prescribed 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) grants tax benefit to a biomass power undertaking, subject to compliance and audit conditions.
Central Government approved M/s Veeriah Non-Conventional Power Projects Ltd for treatment under section 10(23G) for its 4 MW biomass power plant for assessment years 2002-2003 to 2004-2005, subject to compliance with the statutory provisions and rules. Approval is conditional on conformity with the provision and the relevant rules, and is withdrawable if the undertaking ceases the infrastructure activity, fails to maintain and audit books of account, or fails to furnish the prescribed audit report.
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