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of <h1>Government Approves Highway Project in Kolkata under Section 10(23G) for 2002-2005; Compliance Conditions Apply</h1> The Central Government has approved an infrastructure project by a private company in Kolkata under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2002-2003, 2003-2004, and 2004-2005. This project involves the rehabilitation and expansion of a highway section in West Bengal. 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 company ceases operations, fails to maintain audited accounts, or does not submit the required audit report.
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