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.

F. No.205/21/1998-ITA-II]

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