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of <h1>Government Approves Projects Under Section 10(23G) for Tax Benefits; Includes Power Plants and Water Supply Initiatives</h1> The Central Government has approved several enterprises and industrial undertakings for the purpose of section 10(23G) of the Income-tax Act, 1961, applicable for assessment years 1999-2000, 2000-2001, and 2001-2002. The approval is conditional upon compliance with the specified provisions and maintaining proper accounts. The approved projects include a cogeneration power plant in West Bengal, hydroelectric projects in Sikkim and Jammu & Kashmir, a water supply project in Madhya Pradesh, and a mini hydel power plant in Andhra Pradesh. Approval may be withdrawn if conditions are not met.
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