Specified business expansion to include affordable housing and fertilizer, and removal of 'new' requirement for hotels and hospitals. Section 35AD is amended to add as specified business (i) development and building of housing projects under government-framed affordable housing schemes notified by the Board under prescribed guidelines, and (ii) production of fertilizer in India; the amendments also remove 'new' from references to hotels and hospitals in the definition of specified business, with the respective operative dates and assessment-year applicability specified.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified business expansion to include affordable housing and fertilizer, and removal of 'new' requirement for hotels and hospitals.
Section 35AD is amended to add as specified business (i) development and building of housing projects under government-framed affordable housing schemes notified by the Board under prescribed guidelines, and (ii) production of fertilizer in India; the amendments also remove "new" from references to hotels and hospitals in the definition of specified business, with the respective operative dates and assessment-year applicability specified.
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