Tax approval under section 10(23G) permits infrastructure exemption for a cellular service project subject to audit and compliance conditions. Approval is granted to M/s Aircel Digilink India Limited under section 10(23G) read with rule 2E for specified assessment years for its Cellular Mobile Telephone Service project. The approval is conditional on compliance with section 10(23G) and rule 2E, maintenance of books of account, audit by an accountant, and furnishing the required audit report. The Central Government may withdraw approval if the enterprise ceases to carry on infrastructure facility or fails to maintain audited accounts or submit the audit report.
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 approval under section 10(23G) permits infrastructure exemption for a cellular service project subject to audit and compliance conditions.
Approval is granted to M/s Aircel Digilink India Limited under section 10(23G) read with rule 2E for specified assessment years for its Cellular Mobile Telephone Service project. The approval is conditional on compliance with section 10(23G) and rule 2E, maintenance of books of account, audit by an accountant, and furnishing the required audit report. The Central Government may withdraw approval if the enterprise ceases to carry on infrastructure facility or fails to maintain audited accounts or submit the audit report.
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