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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Universal Ago Produce Exports approved under Section 10(23G) for tax benefits, contingent on compliance with the Income-tax Act.</h1> M/s Universal Ago Produce Exports (P) Ltd has been approved under Section 10(23G) of the Income-tax Act, 1961, for the assessment years 2001-2002, 2002-2003, and 2003-2004. The approval is contingent upon compliance with the provisions of the Act and Rule 2E of the Income-tax Rules, 1962. The Central Government reserves the right to withdraw approval if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not furnish audit reports. The enterprise is involved in developing, maintaining, and operating bulk liquid storage terminals at New Mangalore Port under an agreement dated June 13, 1997.
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