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of <h1>Government Approves Nathpa Jhakri Hydroelectric Project for Tax Benefits Under Section 10(23G) for 1999-2002</h1> The Central Government has approved the Nathpa Jhakri Hydroelectric Power Project on the Satluj River in Himachal Pradesh, managed by a power corporation based in New Delhi, under section 10(23G) of the Income-tax Act, 1961. This approval applies to the assessment years 1999-2000, 2000-2001, and 2001-2002. The approval is contingent upon compliance with specific provisions of the Income-tax Act and Rules. The government reserves the right to withdraw approval if the enterprise ceases infrastructure activities, fails to maintain audited accounts, or does not submit the required audit reports.
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