https://www.taxtmi.com/acts?id=3721 Rule 11N requires that, as a condition of approval for projects involving capital assets, applicant companies must divest ownership of such assets without consideration immediately on completion, transferring them to prescribed beneficiaries or public authorities according to project type; companies must furnish execution details to the National Committee, which will verify compliance and may withdraw approval after hearing if divestment or completion requirements are unmet. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 09 Oct 2021 13:01:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3721 Rule 11N requires that, as a condition of approval for projects involving capital assets, applicant companies must divest ownership of such assets without consideration immediately on completion, transferring them to prescribed beneficiaries or public authorities according to project type; companies must furnish execution details to the National Committee, which will verify compliance and may withdraw approval after hearing if divestment or completion requirements are unmet. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3721