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of <h1>Enterprise Approved Under Section 10(23G) for Tax Benefits; Must Comply with Infrastructure and Reporting Rules</h1> The Central Government has approved an enterprise for the purposes of section 10(23G) of the Income-tax Act, 1961, applicable for assessment years 2001-2002 to 2003-2004. This approval is contingent upon compliance with specific provisions of the Income-tax Act and Rules, including maintaining infrastructure facilities, proper bookkeeping, and furnishing audit reports. The approved entity is involved in the development, maintenance, and operation of a domestic VSAT data network service under a license and agreement involving Rama Associates Ltd. and the Government of India. Non-compliance may result in the withdrawal of this approval.
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