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of <h1>Tax Benefits Approved for Ashoka Highway Ad Projects Under Section 10(23G) of Income-tax Act</h1> The Central Government has approved M/s Ashoka Highway Ad for tax benefits under section 10(23G) of the Income-tax Act, 1961, effective from the Assessment Year 2002-03. This approval pertains to projects involving the construction of foot over-bridges across the Eastern Express Highway in Mumbai on a Build Operate Transfer (BOT) basis, with advertisement rights. The approval is valid until specified assessment years, contingent upon compliance with the Income-tax Act and Rules. The government reserves the right to withdraw approval if the enterprise ceases eligible business activities or fails to maintain audited accounts and furnish required reports.
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