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of <h1>Government Approves Enterprises Under Section 10(23G) of Income-Tax Act for Assessment Years 1998-2001, Subject to Compliance</h1> The Central Government has approved several enterprises for the purposes of clause (23G) of section 10 of the Income-tax Act, 1961, applicable for the assessment years 1998-99, 1999-2000, and 2000-2001. The approval is contingent upon compliance with the provisions of the Act and related rules. The enterprises include power projects in Karnataka, Maharashtra, Haryana, Andhra Pradesh, and Madhya Pradesh, as well as telecommunication services in various Indian states. The approval will be revoked if an enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not submit required audit reports.
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