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of <h1>Central Government Approves Bharti Telenet Under Section 10(23G) for Specific Assessment Years; Compliance Required with Rule 2E.</h1> M/s Bharti Telenet Limited has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2002-2003, 2003-2004, and 2004-2005. The approval is contingent on compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The government may withdraw approval if the company ceases infrastructure operations, fails to maintain audited accounts, or does not submit required audit reports. The approval pertains to their Basic Telephone Services project in Tamil Nadu, Haryana, Karnataka, and Delhi, based on specific license numbers issued in 2001.
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