Part DCA - Safe 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)
Industrial park tax benefits depend on timely commencement, government notification, and continued compliance with scheme conditions. Eligibility for benefits under section 80-IA(4)(iii) is confined to an undertaking that begins to develop, develop and operate, or maintain and operate an industrial park within the prescribed period. The undertaking and the industrial park must be notified by the Central Government under the Industrial Park Scheme, 2008, and the undertaking must continue to satisfy the conditions laid down in that scheme.
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.
Industrial park tax benefits depend on timely commencement, government notification, and continued compliance with scheme conditions.
Eligibility for benefits under section 80-IA(4)(iii) is confined to an undertaking that begins to develop, develop and operate, or maintain and operate an industrial park within the prescribed period. The undertaking and the industrial park must be notified by the Central Government under the Industrial Park Scheme, 2008, and the undertaking must continue to satisfy the conditions laid down in that scheme.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
