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of <h1>Govt Approves Dheeraj Housing Project Under Section 10(23G) for 2001-2004, Conditional on Compliance with Rules</h1> The Central Government has approved the development of Dheeraj Valley and Dheeraj Residency Housing Project in Goregaon, Mumbai, by Satyam Realtor Private Limited under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2001-2002, 2002-2003, and 2003-2004. This approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The government may withdraw approval if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not submit the required audit report. The project is approved by Brihanmumbai Mahanagar Palika and Slum Rehabilitation.
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