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Case law › Notifications › 2004 › Notification No. 273
Notification 1 November 2004

Notification No. 273

Income Tax Notification No: 273 (01-Nov-04) Renewal of Approval to enterprise

What this is

Notification No. 273 was published on 1 November 2004. Its subject is Income Tax Notification No: 273 (01-Nov-04) Renewal of Approval to enterprise.

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 : 273

Section(s) Referred : Section 10

Date of Issue : 1/11/2004

Notification No. 273 of 2004, dt. 1st Nov., 2004

Income Tax Notification No: 273 (01-Nov-04) Renewal of Approval to enterprise

It is notified for general information that the approval to the enterprise, listed at para (3) below has been renewed 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 with effect from the Assessment Year 2005-2006 to Assessment Year 2009-2010 (upto 21-05.2008) i-e. upto the end of period of 10 years as mentioned in Licence Agreement No. 842-92/97 dated 22.05.1998 between the President of India acting through Director (VAS-I) and M/s Srinivas Telecom Limited or earlier, in the event of violation of the terms of the agreement aforSsaid.

2. The approval is subject to the conditions that-

(i) the enterprise/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/undertaking:

(a) ceases to carry on the eligible business as denned in Explanation (b) to Rule 2E of I.T. Rules, 1962; or

(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962; or

(c) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962.

3. The enterprise/undertaking approved is -

M/s Aircel Limited, 'Sterling Tower', 327, Armasalai, Teynampet, Chennai-600 006 for their project of providing Cellular Mobile Telephone Service in Tamil Nadu Circle as per Licence Agreement No. 842-92/97 dated 22.05.1998 between the President of India acting through Director (VAS-I) and M/s Srinivas Telecom Limited.

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 No. 274  ·  Notification No. 272 →

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.