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of <h1>Sardar Sarovar Narmada Nigam Ltd Approved for Tax Benefits Under Section 10(23G) for 1998-2001 Assessment Years</h1> The Central Government has approved Sardar Sarovar Narmada Nigam Ltd for the purposes of section 10(23G) of the Income-tax Act, 1961, applicable for the assessment years 1998-99, 1999-2000, and 2000-2001. This approval is contingent upon compliance with the provisions of section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the enterprise ceases its infrastructure activities, fails to maintain audited accounts, or does not furnish the required audit report. The approval specifically pertains to projects related to power generation, water supply, and irrigation.
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