Industrial park scheme benefits transferable to transferee for remaining scheme term under specified transfer conditions. The Industrial Park Scheme defines the period during which developers and operators of Industrial Parks qualify for benefits. If an undertaking develops an Industrial Park after the scheme's initial phase and transfers operation and maintenance to a transferee, the transferee is entitled to the scheme benefits for the remaining portion of the prescribed consecutive assessment-period term, treated as if the transfer had not occurred.
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 scheme benefits transferable to transferee for remaining scheme term under specified transfer conditions.
The Industrial Park Scheme defines the period during which developers and operators of Industrial Parks qualify for benefits. If an undertaking develops an Industrial Park after the scheme's initial phase and transfers operation and maintenance to a transferee, the transferee is entitled to the scheme benefits for the remaining portion of the prescribed consecutive assessment-period term, treated as if the transfer had not occurred.
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