Notification No. : 354
Date of Issue : 29/11/2002
Section(s) Referred : s. 10(23G)
Notification No. 354 of 2002, dt. 29th Nov., 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(23G) 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 undertaking 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– The project of providing Cellular Mobile Telephone Service by M/s Aircel Digilink India Ltd., C-48, Okla Industrial Area, Phase-II, New Delhi under the license agreement No. 842-64(A)/95-VAS dt. 28th December, 1995 for Haryana Circle, license agreement No. 842-62(A)/95-VAS dated 28th December, 1995 for U.P. (East) Circle & license agreement No. 842-63(A)/95-VAS dated 1st August, 1996 for Rajasthan Circle.