Notification No : 131
Date of Issue : 4/6/2002
Section(s) Referred : s. 10(23g)
Notification No. 131 of 2002, dt. 4th June, 2002
It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23b) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2001-2002, 2002-2003 and 2003-2004.
2. The approval is subject to the condition that–
(i) the enterprise/industrial undertakings will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962;
(ii) the Central Government shall withdraw this approval if the enterprise/industrial undertaking:
(a) ceases to carry on infrastructure facility; or
(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or
(c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.
3. The enterprise/industrial undertaking approved is–M/s Reliable Internet Services Ltd., 1st Floor, Gopal Das Bhawan, 28, Bharakhamba Road, New Delhi-110001, for their project of providing for Cellular Mobile Telephone Services at Kolkata Metro Service Area as per Agreement No. 842-385/2001-VAS/Kolkata dated 27th September, 2001.