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of <h1>Central Government Approves Enterprises Under Section 10(23G) for Tax Benefits, Subject to Compliance and Audit Requirements.</h1> The Central Government has approved certain enterprises and industrial undertakings under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2001-2002 to 2003-2004. These approvals are contingent upon compliance with the relevant provisions of the Act and rules. The enterprises include a hydroelectric project in West Bengal, a cellular service in Chennai, and hydroelectric projects in Himachal Pradesh. Approval may be withdrawn if these entities cease operations, fail to maintain audited accounts, or do not submit required audit reports.
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