Approval under section 10(23G) grants tax benefit to a specified infrastructure power project, subject to compliance and audit. Approval under section 10(23G) was granted to G.V.K. Industries Limited for the 235 MW combined cycle power plant at Jegurupadu for the assessment years 2002-2005, conditional on conformity with the Income-tax Act and rule 2E. The Central Government may withdraw approval if the enterprise ceases to provide the infrastructure facility, fails to maintain books of account or obtain the required audit, or fails to furnish the audit report required by sub-rule (7) of rule 2E.
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 specified infrastructure power project, subject to compliance and audit.
Approval under section 10(23G) was granted to G.V.K. Industries Limited for the 235 MW combined cycle power plant at Jegurupadu for the assessment years 2002-2005, conditional on conformity with the Income-tax Act and rule 2E. The Central Government may withdraw approval if the enterprise ceases to provide the infrastructure facility, fails to maintain books of account or obtain the required audit, or fails to furnish the audit report required by sub-rule (7) of rule 2E.
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