Tax exemption approval renewed, subject to compliance and audit requirements for a cellular service enterprise. Central Government renewed approval to M/s Aircel Limited under section 10(23G) read with rule 2E for its cellular mobile telephone service project in Tamil Nadu for the period tied to the ten-year Licence Agreement, subject to earlier termination on licence breach. The approval is conditional on conformity with the statutory provisions and rule requirements; the government may withdraw approval if the enterprise ceases the eligible business, fails to maintain audited books, or fails to furnish the required audit report.
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Tax exemption approval renewed, subject to compliance and audit requirements for a cellular service enterprise.
Central Government renewed approval to M/s Aircel Limited under section 10(23G) read with rule 2E for its cellular mobile telephone service project in Tamil Nadu for the period tied to the ten-year Licence Agreement, subject to earlier termination on licence breach. The approval is conditional on conformity with the statutory provisions and rule requirements; the government may withdraw approval if the enterprise ceases the eligible business, fails to maintain audited books, or fails to furnish the required audit report.
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