Allocable area defined as net area available for allocation shapes industrial park infrastructure and unit eligibility. Definitions for the Industrial Park Scheme, 2002 designate the Income-tax Act as the governing statute and define key spatial and infrastructure terms. Allocable area means the net floor or land area available for allocation, excluding built-up space used for common facilities. Common facilities and infrastructure development encompass shared roads, water supply, sewerage, common effluent treatment, telecom networks, and power generation and distribution, with air-conditioning included where provided commercially. The Scheme also defines empowered committee, form, undertaking and unit for administrative and tax purposes.
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.
Allocable area defined as net area available for allocation shapes industrial park infrastructure and unit eligibility.
Definitions for the Industrial Park Scheme, 2002 designate the Income-tax Act as the governing statute and define key spatial and infrastructure terms. Allocable area means the net floor or land area available for allocation, excluding built-up space used for common facilities. Common facilities and infrastructure development encompass shared roads, water supply, sewerage, common effluent treatment, telecom networks, and power generation and distribution, with air-conditioning included where provided commercially. The Scheme also defines empowered committee, form, undertaking and unit for administrative and tax purposes.
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 
