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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Telecom Enterprise Approved Under Section 10(23G) for 1998-2001; Must Maintain Compliance and Infrastructure</h1> The Central Government has approved a telecommunications enterprise under section 10(23G) of the Income-tax Act, 1961, for the assessment years 1998-99, 1999-2000, and 2000-2001. This approval is contingent upon the enterprise's compliance with the specified provisions and maintaining infrastructure facilities. The government reserves the right to withdraw approval if the enterprise ceases operations, fails to maintain audited accounts, or neglects to submit required audit reports. The enterprise in question, with offices in Mumbai and Ahmedabad, holds licenses for telecommunication services in various Indian states.
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