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of <h1>Jaiprakash Hydro Power Limited gains approval under section 10(23G) for 2002-2005, contingent on compliance with rule 2E.</h1> M/s. Jaiprakash Hydro Power Limited 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 is contingent upon compliance with section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the enterprise ceases its infrastructure operations, fails to maintain and audit its accounts, or does not submit the required audit report. The approval pertains to their 300MW Hydro Electric Baspa II project in Kinnaur District, Himachal Pradesh.
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