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of <h1>Government Approves Infrastructure Projects Under Section 10(23G), 1961; Compliance with Rule 2E Required for Continued Approval.</h1> The Central Government has approved several infrastructure projects under section 10(23G) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002. These projects include a power station in Maharashtra, a container terminal in Navi Mumbai, lignite power plants in Gujarat, and a bridge across the Wain Ganga River. Approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The government reserves the right to withdraw approval if the enterprises fail to maintain infrastructure facilities, keep audited accounts, or submit required audit reports.
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