Tax exemption approval under section 10(23G) for power projects contingent on compliance and audited accounts for specified years. Approval under section 10(23G) is granted to North Eastern Electric Power Corporation Ltd. for specified assessment years for its Rangandi and Doyang hydro-electric projects, subject to compliance with section 10(23G) and rule 2E, including maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases to carry on the infrastructure facility or fails the audit or reporting conditions.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption approval under section 10(23G) for power projects contingent on compliance and audited accounts for specified years.
Approval under section 10(23G) is granted to North Eastern Electric Power Corporation Ltd. for specified assessment years for its Rangandi and Doyang hydro-electric projects, subject to compliance with section 10(23G) and rule 2E, including maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases to carry on the infrastructure facility or fails the audit or reporting conditions.
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