Approved Global Mobile Personal Communication by Satellite Service by M/s Iridium India Telecom Limited, Mumbai u/s 10(23G) - 11115 - Income Tax Act, 1961
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Tax exemption approval under specific income tax provision granted subject to compliance and withdrawal conditions for licensed satellite service. Approval is granted to the specified enterprise for income tax exemption under section 10(23G) read with rule 2E for assessment year 1999-2000, conditional on conformity with the cited provisions, maintenance of books, audit by an accountant and furnishing the audit report; the Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility or fails the accounting and audit obligations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemption approval under specific income tax provision granted subject to compliance and withdrawal conditions for licensed satellite service.
Approval is granted to the specified enterprise for income tax exemption under section 10(23G) read with rule 2E for assessment year 1999-2000, conditional on conformity with the cited provisions, maintenance of books, audit by an accountant and furnishing the audit report; the Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility or fails the accounting and audit obligations.
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