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of <h1>Government Approves Coal Power Project Under Section 10(23G) Income-tax Act for 2002-2005, with Compliance Conditions</h1> The Central Government has approved a coal-fired thermal power project in Ramagundam, Karimnagar, Andhra Pradesh, managed by a specified power company, 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. The approval may be revoked if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not submit required audit reports. The project involves a 2 x 260 MW capacity.
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