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of <h1>Malana Power Company's Tax Approval for 2002-2005 Hinges on Compliance with Section 10(23G) and Rule 2E.</h1> M/s Malana Power Company 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 on 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 required audit reports. The approved project is the 86 MW Malana Hydro Electric Project located in Jari, Kullu District, Himachal Pradesh.
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