Tax incentive eligibility extended for industrial park developers and other specified undertakings under section 80-IA, delaying commencement cut-offs. Amendment to section 80-IA (effective 1 April 2007) extends temporal eligibility by substituting later cut-off dates in sub-section (4): clause (iii) is amended to treat industrial park developers and operators as if the cut-off were 31st March, 2009; clause (iv) sub-clauses (a), (b) and (c) are amended to substitute 31st March, 2010 for the earlier cut-off, thereby prolonging qualification periods for those specified undertakings.
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Provisions expressly mentioned in the judgment/order text.
Tax incentive eligibility extended for industrial park developers and other specified undertakings under section 80-IA, delaying commencement cut-offs.
Amendment to section 80-IA (effective 1 April 2007) extends temporal eligibility by substituting later cut-off dates in sub-section (4): clause (iii) is amended to treat industrial park developers and operators as if the cut-off were 31st March, 2009; clause (iv) sub-clauses (a), (b) and (c) are amended to substitute 31st March, 2010 for the earlier cut-off, thereby prolonging qualification periods for those specified undertakings.
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