Section 10(23G) approval for infrastructure project granted, conditional on compliance with rule 2E and audit requirements. Approval is granted to M/s TCI Infrastructure Finance Limited under section 10(23G) of the Income tax Act, 1961, read with rule 2E of the Income tax Rules, 1962, for specified assessment years for construction of a four lane road overbridge on a BOT basis; the approval is conditional on compliance with section 10(23G) and rule 2E, maintenance and audit of books as required by sub rule (7) of rule 2E, and furnishing the requisite audit report, and may be withdrawn on cessation of the infrastructure facility or failure to meet the accounting and reporting requirements.
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Section 10(23G) approval for infrastructure project granted, conditional on compliance with rule 2E and audit requirements.
Approval is granted to M/s TCI Infrastructure Finance Limited under section 10(23G) of the Income tax Act, 1961, read with rule 2E of the Income tax Rules, 1962, for specified assessment years for construction of a four lane road overbridge on a BOT basis; the approval is conditional on compliance with section 10(23G) and rule 2E, maintenance and audit of books as required by sub rule (7) of rule 2E, and furnishing the requisite audit report, and may be withdrawn on cessation of the infrastructure facility or failure to meet the accounting and reporting requirements.
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