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of <h1>Government Approves Power Projects Under Section 10(23G) for Tax Benefits, Compliance Required by March 31, 2006</h1> The Central Government has approved specified projects of a major power corporation in New Delhi for the assessment year 2002-03 under section 10(23G) of the Income-tax Act, 1961. This approval is contingent upon compliance with relevant provisions and rules, including maintaining audited accounts and generating power from the specified projects by March 31, 2006. The projects approved include the Rihand Super Thermal Power Project Stage II in Uttar Pradesh and the Ramagundam Super Thermal Power Project Stage III in Andhra Pradesh. Non-compliance with these conditions may result in the withdrawal of approval.
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