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of <h1>Government Approves Telecom Project Under Section 10(23G) of Income-tax Act for 1998-2001; Compliance Required</h1> The Central Government has approved a telecom services project by a communications company under section 10(23G) of the Income-tax Act, 1961, for the assessment years 1998-99, 1999-2000, and 2000-2001. The approval requires compliance with the Income-tax Act and Rules, including maintaining audited accounts and furnishing audit reports. The approval may be withdrawn if the company ceases infrastructure activities or fails to meet these requirements. The project is located in Andhra Pradesh, as per an agreement dated December 19, 1995.
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