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of <h1>Upper Krishna Project approved under section 10(23G) of Income-tax Act for 2002-2005, contingent on compliance.</h1> The Central Government has approved the Upper Krishna Project of Krishna Bhagya Jala Nigam Ltd., located in Bangalore, under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2002-2003, 2003-2004, and 2004-2005. This approval is contingent upon the enterprise adhering to the provisions of the Income-tax Act and Rules, maintaining and auditing its financial records, and furnishing the required audit reports. The approval may be revoked if the enterprise ceases to operate as an infrastructure facility or fails to comply with these conditions.
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