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of <h1>Central Government Approves Chennai Container Terminal Under Section 10(23G) for 2001-2004, Conditional on Compliance with Rules.</h1> M/s Chennai Container Terminal Limited has been approved by the Central Government under section 10(23G) of the Income-tax Act, 1961, for the assessment years 2001-2002, 2002-2003, and 2003-2004. 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 company ceases infrastructure operations, fails to maintain audited accounts, or does not submit the required audit report. The approval pertains to their project for developing and managing the Chennai Container Terminal in collaboration with the Chennai Port Trust.
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