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of <h1>Central Government Approves Samal Barrage Hydro Project for Tax Benefits Under Section 10(23G) for 1999-2002 Assessment Years</h1> The Central Government has approved the Samal Barrage Hydro Electric Project in Angul District, Orissa, operated by Orissa Power Consortium Ltd., for the purposes of section 10(23G) of the Income-tax Act, 1961, applicable for 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. It will be revoked if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not furnish the required audit report.
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