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<h1>Central Government Approves 200 MW Gas Power Project; Must Comply with Section 10(23G) and Rule 2E Requirements</h1> The Central Government has approved a 200 MW natural gas-based power project by a company in Hyderabad under section 10(23G) of the Income-tax Act, 1961, for the assessment years 1999-2000, 2000-2001, and 2001-2002. The approval requires compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. Approval may be withdrawn if the project ceases infrastructure activities, fails to maintain audited accounts, or does not furnish the required audit report. The project is located in Senasani Yanam, East Godavari District, Andhra Pradesh.