Industrial undertaking approved is M/s Bharti Telenet Limited-notified under section 10(23G) - 348/2003 - Income Tax

Industrial undertaking approved is M/s Bharti Telenet Limited-notified under section 10(23G) Notification No : 348 Date of Issue : 16/12/2003 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 2002-2003, 2003-2004 and 2004-2005. 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 Telenet Limited, H-5/12, Mehrauli Road, New Delhi-110030 for their project of providing Basic Telephone Services in Tamil Nadu, Haryana, Kamataka and Delhi vide Licence No,18-43/2001-BS-II/Tamil Nadu dated 29th October, 2001; No.lS-41/2001-BS-II/Haryana dated 8" October, 2001; No.l8-40/2001-BS-II/Kamataka dated 9 October, 2001; No-18-42/2001-BS-II/Delhi dated 29"' October, 2001 (F.No.205/24/2002/ITA.II) F.N0.205/24/2002/ITA.II