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<h1>Government Renews Approval for Suryachakra Power Under Section 10(23G) for 20 MW Diesel Plant Project Until 2018-19</h1> The Central Government has renewed the approval of M/s Suryachakra Power Corporation Private Limited under section 10(23G) of the Income-tax Act, 1961, effective from the assessment year 2002-03 to 2018-19. This approval pertains to their 20 MW Diesel-based Power Plant project in South Andaman Island. The approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be withdrawn if the enterprise ceases eligible business operations, fails to maintain audited accounts, or does not submit the required audit report.