Approved M/s Bharti Mobile Ltd under Sec. 10(23G) - 083/2003 - Income Tax

Approved M/s Bharti Mobile Ltd under Sec. 10(23G) Notification No. 83 of 2003, dt. 16th April, 2003 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-M/s Bharti Mobile Ltd., Qutab Ambience, Mehrauli Road, New Delhi-110030 (Formerly M/s J.T. Mobile Ltd., Bangalore) for their project of providing cellular services in the State of Andhra Pradesh and Karnataka as per license agreement Nos. 842-52(A)/95/VAS (Andhra Circle) dated 22nd December, 1995 and 842-53(B)/96/VAS (Karnataka Circle) dated 18th October, 1996. [F.No. 205/6/2000/ITA-II]