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<h1>Krishna Bhagya Jala Nigam Ltd gets 3-year approval under Section 10(23G) for Krishna River irrigation projects.</h1> Krishna Bhagya Jala Nigam Ltd, based in Bangalore, has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for a period of three years from April 1, 2004, to March 31, 2007. This approval pertains to the execution of irrigation projects on the Krishna River in Karnataka. The approval is contingent upon compliance with specific provisions of the Income-tax Act and Rules, including maintaining audited accounts and adhering to eligible business activities. The government reserves the right to withdraw approval if the company fails to meet these conditions.