Central Government approved Reliance Telecom Limited u/s 10(23G) - S. O. 178(E) - Income Tax

Central Government approved Reliance Telecom Limited u/s 10(23G) NOTIFICATION NO. S. O. 178 ( E ) DATED 19-3-1999 It is notified for general information that enterprise, 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 Incometax Rules, 1962, for the assessment years 1998-99, 1999-2000 and 2000-2001. 2. The approval is subject to the condition that : ( i ) the enterprise 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 : ( 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 approved is as under: Reliance Telecom Limited, Corporate Office: 3rd Floor, Maker Chambers IV, 222 Nariman Point, Mumbai-400 021 ; Registered Office : Avdesh House, 3rd Floor, Pritam Nagar, 1st Slope, Ellisbridge, Ahmedabad-380 006 in respect of Telecommunication Service Projects vide licences granted by the Department of Telecommunication on 12th December, 1995 for cellular mobile telephone services in Assam, Bihar, Himachal Pradesh, Madhya Pradesh, North Eastern States, Orissa, West Bengal Circles and also in respect of licence granted on 18th March, 1997, for provision of a telephone service in Gujarat service area. [Notification No. 10831/F. No. 205/3/98-ITA-II]