Tax exemption approval for industrial undertaking confers notified status and sets compliance and withdrawal conditions for telecom provider. Approval is granted to M/s Bharti Cellular Ltd as an industrial undertaking for tax-exempt status under section 10(23G), read with rule 2E, for assessment years 2002-03 to 2004-05, subject to compliance with statutory provisions, maintenance and audit of books of account and furnishing the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases to carry on infrastructure facility or fails the audit or reporting requirements.
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Tax exemption approval for industrial undertaking confers notified status and sets compliance and withdrawal conditions for telecom provider.
Approval is granted to M/s Bharti Cellular Ltd as an industrial undertaking for tax-exempt status under section 10(23G), read with rule 2E, for assessment years 2002-03 to 2004-05, subject to compliance with statutory provisions, maintenance and audit of books of account and furnishing the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases to carry on infrastructure facility or fails the audit or reporting requirements.
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