Tax exemption approval under section 10(23G) granted with compliance and withdrawal conditions for telecom project. Approval is granted to M/s Hughes Telecom (India) Limited for tax exemption as an eligible industrial undertaking for assessment years 2001-2002 to 2003-2004 in respect of its Basic Telephone Service project in the Maharashtra Telecom Circle under the governing license. The approval is conditional: the enterprise must comply with the statutory provision and implementing rule, and the Central Government may withdraw approval if the enterprise ceases the infrastructure activity, fails to maintain and audit books of account, or fails to furnish the required audit report.
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Tax exemption approval under section 10(23G) granted with compliance and withdrawal conditions for telecom project.
Approval is granted to M/s Hughes Telecom (India) Limited for tax exemption as an eligible industrial undertaking for assessment years 2001-2002 to 2003-2004 in respect of its Basic Telephone Service project in the Maharashtra Telecom Circle under the governing license. The approval is conditional: the enterprise must comply with the statutory provision and implementing rule, and the Central Government may withdraw approval if the enterprise ceases the infrastructure activity, fails to maintain and audit books of account, or fails to furnish the required audit report.
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