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of <h1>Reliance Infocom Limited approved to provide internet services under Section 10(23G) for assessment years 2001-2004.</h1> The Central Government has approved the enterprise previously known as M/s Macronet Private Limited, now M/s Reliance Infocom Limited, for providing internet services in India under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2001-2002, 2002-2003, and 2003-2004. This approval is contingent upon compliance with the provisions of section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be withdrawn if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not furnish the required audit report. The enterprise operates under a license agreement dated November 9, 1998.
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