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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Orissa Power Generation Corp gets Central Govt nod u/s 10(23G) for 2002-2005, must comply with conditions.</h1> M/s Orissa Power Generation Corporation Limited has received approval from 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 the provisions of section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be revoked if the enterprise ceases infrastructure operations, fails to maintain audited accounts, or does not submit the required audit report. The notification was corrected in November 2002 to specify the enterprise's project details.
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