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of <h1>M/s LVS Power Limited gets approval under section 10(23G) of Income Tax Act for 2004-2007, subject to compliance.</h1> Approval has been granted to M/s LVS Power Limited, Hyderabad, under section 10(23G) of the Income Tax Act, 1961, effective from the Assessment Year 2004-2005 to 2006-2007. The approval is contingent on compliance with the provisions of section 10(23G) and rule 2E of the Income-tax Rules, 1962. The Central Government reserves the right to withdraw this approval if the enterprise ceases its eligible business, fails to maintain audited accounts, or does not furnish the required audit report. The approved entity operates a 37.8 MW power plant located in Gurrampalem Village, Vishakhapatnam District, Andhra Pradesh.
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