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of <h1>Spice Communications Gains Central Approval Under Section 10(23G) for 2002-2005, Subject to Compliance with Rule 2E.</h1> M/s Spice Communications 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. This approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval will be revoked if the company ceases infrastructure operations, fails to maintain and audit accounts, or does not submit the required audit report. The company, formerly known as M/s Modicom Network Ltd., is recognized for its cellular services projects in Punjab and Karnataka.
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