Approval of "M/s Aircel Digilink India Limited" under section 10(23G) of the Income-tax Act, 1961 - 354/2002 - Income Tax

Approval of "M/s Aircel Digilink India Limited" under section 10(23G) of the Income-tax Act, 1961 NOTIFICATION NO. 354 Dated 29th November, 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 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 - the project of providing Cellular Mobile Telephone Service by M/s Aircel Digilink India Limited, C-48, Okhla Industrial Area, Phase-11, New Delhi under the license agreement No.842-64(A)/95-VAS dated 28.12.1995 for Haryana Circle, license agreement No.842-62(A)/95-VAS dated 28.12.1995 for U.P.(East) Circle license agreement No.842-63(A)/95-VAS dated 1.8.1996 for Rajasthan Circle. (F.No. 205/21/1998/ITA.II (Vol.1) Sd/- (Sangeeta Oupta) Director (ITA.II) Central Board of Direct Taxes F.N0.205/21/1998/ITA.II (Vol. I)