Tax exemption under section 10(23G) permits BOT toll project relief subject to business eligibility, accounts, and audit compliance. Approval under section 10(23G) and rule 2E permits M/s JAS Toll Road Company Ltd. to claim tax-exempt status for its BOT highway widening and rehabilitation project for the concession period, conditional on carrying on the eligible business, maintaining books of account, obtaining the required audit and furnishing the prescribed audit report; the Central Government may withdraw approval on cessation of eligible business, failure to maintain/audit accounts, failure to furnish the audit report, or earlier violation of the concession agreement.
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.
Tax exemption under section 10(23G) permits BOT toll project relief subject to business eligibility, accounts, and audit compliance.
Approval under section 10(23G) and rule 2E permits M/s JAS Toll Road Company Ltd. to claim tax-exempt status for its BOT highway widening and rehabilitation project for the concession period, conditional on carrying on the eligible business, maintaining books of account, obtaining the required audit and furnishing the prescribed audit report; the Central Government may withdraw approval on cessation of eligible business, failure to maintain/audit accounts, failure to furnish the audit report, or earlier violation of the concession agreement.
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