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Case law › Notifications › 2002 › Notification: 349 Date of Issue : 22/11/2002
Notification 22 November 2002

Notification: 349 Date of Issue : 22/11/2002

Approval of an institution under section 10 of the Income-tax Act, 1961

What this is

Notification: 349 Date of Issue : 22/11/2002 was published on 22 November 2002. Its subject is Approval of an institution under section 10 of the Income-tax Act, 1961.

This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.10s.11, s.19

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

Notification No : 349

Date of Issue : 22/11/2002

Section(s) Referred : s. 10(23G)

Notification No. 349 of 2002, dt 22nd Nov., 2002

It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003 -2004 and 2004-2005.

2. The approval is subject to the condition that :

(i) the enterprise/industrial undertaking will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962;

(ii) the Central Government shall withdraw this approval if the enterprise/industrial undertaking :

(a) ceases to carry on infrastructure facility; or

(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or

(c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.

3. The enterprise/industrial undertaking approved is-M/s Spice Communication Limited, 13th Floor, Modicorp Tower, 98, Nehru Place, New Delhi-110019 (formerly M/s Modicom Network Ltd., Delhi) for their project of providing cellular services in the State of Punjab and Karnataka as per license agreement Nos. 842-65(B) 95-VAS (Punjab Circle) dated 9th September, 1996 and 842-53(A) 95-VAS (Karnataka Circle) dated 9th September, 1996.

F.No.205/49/2001-ITA-II]

What it names

Rules it names. Rule 2E of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification: 350 Date of Issue : 26/11/2002  ·  Notification: 348 Date of Issue : 22/11/2002 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.