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of <h1>Adani Port Ltd. gains Central Government approval under Section 10(23G) for jetty project, subject to compliance. (23G)</h1> M/s Adani Port Ltd., Shrimali Society 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 pertains to their project involving the construction of a Jetty/Wharf, Quay at Port at Navinal Island, Mudra Taluk Kachchli, Gujarat. The approval is contingent upon the enterprise complying with the provisions of section 10(23G) and rule 2E of the Income-tax Rules, 1962. The approval may be withdrawn if the enterprise ceases operations, fails to maintain audited accounts, or fails to furnish the required audit report.
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