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of <h1>Emas Expressway Pvt. Ltd. gains tax approval under Section 10(23G) for Durgapur Expressway project, 2003-2006 assessment years.</h1> Emas Expressway Pvt. Ltd., based in Kolkata, has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for assessment years 2003-2004 to 2005-2006. This approval pertains to their project involving the rehabilitation, strengthening, and expansion of the Durgapur Expressway in West Bengal. The approval requires compliance with specified tax provisions and conditions, including maintaining audited accounts. The government reserves the right to withdraw approval if the company ceases infrastructure operations or fails to meet auditing and reporting requirements.
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