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of <h1>Government Approves Enterprises Under Section 10(23G) for Tax Benefits, Projects in Karnataka and Mumbai from 2001-2004.</h1> The Central Government has approved several enterprises 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 and maintaining proper accounts. The approved projects include a water supply scheme in Karnataka and various housing projects in Mumbai. The government reserves the right to withdraw approval if the enterprises cease infrastructure operations or fail to meet accounting and audit requirements. The specific enterprises approved are involved in infrastructure and housing developments in Karnataka and Mumbai.
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