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[Cites 0, Cited by 0] [Section 2E] [Entire Act]

Union of India - Subsection

Section 2E(8) in Income Tax Rules, 1962

(8)The Central Government, on being satisfied that any or all of the circumstances referred to in clauses (a), (b) and (c) of sub-rule (7) exist, shall withdraw the approval granted under sub-rule (5) :Provided that no order withdrawing the approval shall be passed unless an opportunity of being heard has been given to the enterprise.Explanation. - For the purposes of this rule,-
(a)the expression "enterprise" means any enterprise wholly engaged in the eligible business;
(b)the expression "eligible business" means the business referred to in sub-section (4) of section 80-IA or a housing project referred to in sub-section (10) of section 80-IB and which fulfils the conditions specified in the said sub-sections or a hotel project or a hospital project as defined in clauses (g) and (h) of Explanation 1 to clause (23G) of section 10.