Approval under section 10(23G) allows tax benefit for infrastructure projects subject to compliance and audit conditions. Approval is granted to M/s Ideal Road Builders Ltd under section 10(23G), read with rule 2E, for specified assessment years for its Thane-Bhiwandi bypass and NH 4 infrastructure projects, subject to conformity with statutory provisions, maintenance of books of account, audit by an accountant as required by sub rule (7) of rule 2E, and furnishing of the requisite audit report; the Central Government may withdraw approval on cessation of the infrastructure facility or failure to comply with these conditions.
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) allows tax benefit for infrastructure projects subject to compliance and audit conditions.
Approval is granted to M/s Ideal Road Builders Ltd under section 10(23G), read with rule 2E, for specified assessment years for its Thane-Bhiwandi bypass and NH 4 infrastructure projects, subject to conformity with statutory provisions, maintenance of books of account, audit by an accountant as required by sub rule (7) of rule 2E, and furnishing of the requisite audit report; the Central Government may withdraw approval on cessation of the infrastructure facility or failure to comply with these conditions.
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