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of <h1>Government Approves Aircel's Tamilnadu Mobile Services Under Section 10(23G) for Tax Benefits, Subject to Compliance.</h1> The Central Government has approved the Cellular Mobile Telephone Service in the Tamilnadu Circle of M/s Aircel Limited, Chennai, for the purpose of section 10(23G) of the Income-tax Act, 1961, for the assessment years 1999-2000, 2000-2001, and 2001-2002. This approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the enterprise ceases infrastructure operations, fails to maintain and audit accounts, or does not furnish the required audit report. The approval is linked to a license agreement with the Department of Telecommunication.
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