Part DCASafe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC )
Semiconductor wafer fabrication notification under section 35AD requires prior approval, compliance checks, and hearing before withdrawal. Notification of a semiconductor wafer fabrication manufacturing unit as a specified business under section 35AD requires application in Form No. 3CS, ... Summary
Semiconductor wafer fabrication notification under section 35AD requires prior approval, compliance checks, and hearing before withdrawal.
Notification of a semiconductor wafer fabrication manufacturing unit as a specified business under section 35AD requires application in Form No. 3CS, scrutiny for deficiencies, possible calling for further documents, and issuance or rejection of notification by the Board. Approval may be withdrawn if the business ceases, is not genuine, or no longer satisfies the statutory or rule conditions, and no adverse order may be passed without hearing the assessee. Eligibility depends on exclusive semiconductor wafer fabrication activity, prior approval under the Modified Special Incentive Package Scheme, commencement on or after 1 April 2014, and manufacturing facilities located in India.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
