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of <h1>Approval for Ashoka Vastushilp Pvt Ltd under Section 10(23G) for Infrastructure Project, Subject to Compliance Conditions.</h1> M/s Ashoka Vastushilp Pvt Ltd. has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for assessment years 2002-2003, 2003-2004, and 2004-2005. This approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the company ceases infrastructure activities, fails to maintain audited accounts, or does not furnish the required audit report. The approval pertains to their project for constructing a Railway Over Bridge on NH-6, near Village Nashirabad, Maharashtra, on a BOT basis, as per a 1998 agreement with governmental bodies.
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