Approval of M/s Idea Cellular Ltd. (formerly Birla AT&T Communication Ltd.) u/s 10(23G) - 219/2003 - Income Tax

Approval of M/s Idea Cellular Ltd. (formerly Birla AT T Communication Ltd.) u/s 10(23G) Income Tax Notification No. 219/2003 Dated 12th September, 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 arid 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 Idea Cellular Ltd. (formerly Birla AT T Communication Ltd.) Sumar Tower , Plot No.18, Sector No. 11, Gandhinagar-382011 for their project of Cellular Mobile Telephone Service in the Maharashtra Circle as per Licence Agreement No,842/57/95-VAS/A dated 15.12.1999 and also in respect of Gujarat Circle vide Licence No.842-58/95-AS-58A dated 12-12-1995 (F.No-205/74/98-ITA-II) (Vol.1). Sd/- (Upmanyu Basu) Deputy Secretary (ITA.II) Central Board of Direct Taxes F.N0.205/74/98/ITA-II (Vol.I)