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of <h1>Government Approves Projects Under Section 10(23G) of Income-tax Act for Tax Benefits; Compliance Required</h1> The Central Government has approved certain enterprises and industrial undertakings under section 10(23G) of the Income-tax Act, 1961, for the assessment years 1999-2000, 2000-2001, and 2001-2002. These approvals are contingent upon compliance with specific provisions and maintaining proper financial records. The approved projects include a hydel power project in Karnataka, a coal-fired thermal power project in Andhra Pradesh, construction of port facilities in Gujarat, an integrated water supply and sewage project in Tamil Nadu, and highway bypass constructions in Rajasthan. Non-compliance may result in the withdrawal of approval.
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