Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Approval of Fascel Ltd., for their project of providing Cellular Mobile Telephone Services in Gujarat circle as per licence agreement under section 10(23G) of the Income-tax Act, 1961 - 108/2002 - Income TaxExtract Approval of Fascel Ltd., for their project of providing Cellular Mobile Telephone Services in Gujarat circle as per licence agreement under section 10(23G) of the Income-tax Act, 1961 [Notification No. S.O. 1716, dated 8th May, 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 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 undertakings: (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 Fascel Ltd., 6th Floor, Sakar II, Ellisbridge, Ahmedabad-380 006 for their project of providing Cellular Mobile Telephone Services in Gujarat circle as per licence agreement No. 842-58(B)/95-VAS, dated 11th January, 1996, between President of India through Director (VAS-I) Department of Telecommunication and Fascel Ltd. (F.No. 205/123/99-ITA-II-Vol. I). [Notification No. 108/2002/F. No. 205/123/99/ITA. II-Vol. I]
|