বোর্ড কর্তৃক কর অবকাশপ্রাপ্ত সত্তা অনুমোদন

(l) In order to obtain the tax-holiday benefits, any business entity shall submit an application in the manner prescribed by the Board within the 6 month of commencement of its commercial activities.

(2) Within 60 (sixty) days from the date of receipt of the application, the Board shall, by order in writing, give a decision on the application filed under sub-section (l).

(3) If the Board fails to give a decision within the period mentioned in sub-section (2), the application for tax holiday shall be deemed to have been granted provisionally and the said business entity shall be treated as a tax exempted entity until the Board gives a decision in the matter.

(4) The Board shall not dismiss any application without giving the applicant a reasonable opportunity of being heard.

(5) If any applicant is aggrieved by the decision passed by the Board under sub-section (3), the said applicant may appeal to the Board within 4 (four) months of the receipt of the decision and the Board may reconsider the previous " order and issue an appropriate order.

(6) Without prejudice to the provisions of sub-section (1), the Board may, for the purpose of ensuring tax compliance of tax exempted entities, grant and review approvals under this section or make rules on any matter as it thinks fit.

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