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of <h1>JAS Toll Road Co. Ltd. gains tax approval under Section 10(23G) for NH4 project, subject to compliance.</h1> M/s JAS Toll Road Company Ltd. has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for the period from the assessment year 2002-03 to 2021-22, as per the concession agreement with the National Highway Authority of India. This approval is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval will be withdrawn if the company ceases eligible business operations, fails to maintain and audit accounts, or does not submit the required audit report. The project involves widening a section of National Highway No. 4 in Karnataka.
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