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of <h1>Nhava Sheva International Container Terminal gets approval under section 10(23G) for new container terminal project.</h1> M/s Nhava Sheva International Container Terminal Ltd., Mumbai, 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 of constructing a new 600 quay length container terminal at Navi Mumbai. The approval is contingent upon compliance with section 10(23G) of the Income-tax Act and rule 2E of the Income-tax Rules, 1962. The government reserves the right to withdraw approval if the enterprise ceases infrastructure activities, fails to maintain audited accounts, or does not furnish the required audit report.
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