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of <h1>Central Government Approves Shree Maheshwar Hydro-electric Plant Under Section 10(23G) for 2002-2005 Tax Assessment Years</h1> The Central Government has approved the Shree Maheshwar Hydro-electric Power Plant on the Narmada River, operated by a corporation based in Mumbai, under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2002-2003 to 2004-2005. This approval is contingent upon compliance with specific provisions of the Income-tax Act and Rules. The approval may be withdrawn if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not furnish the required audit report. The plant is located in Mandleshwar, Madhya Pradesh, with a capacity of 10 x 40 MW.
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