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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Approves NEEPCO Projects Under Section 10(23G) for Tax Benefits, Subject to Compliance with Rule 2E</h1> North Eastern Electric Power Corporation Ltd has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2002-2003, 2003-2004, and 2004-2005. This approval pertains to their projects, Rangandi Hydro Electric Power Projects in Arunachal Pradesh and Doyand Hydro Electric Power Project in Nagaland. The approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. Non-compliance, such as ceasing infrastructure operations or failing to maintain and audit accounts, may result in withdrawal of the approval.
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