Industrial Park approval conditions: failure to commission on time or meet unit occupancy risks loss of tax benefits. Conditions for claiming tax benefits under the Industrial Park Scheme, 2002 require timely commissioning, occupancy by the number of units stated in the approval, continued operation for the period of benefits, joint intimation and agreement submission on transfer of operation and maintenance, and semiannual submission of Form IPS-II to the Central Government.
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 approval conditions: failure to commission on time or meet unit occupancy risks loss of tax benefits.
Conditions for claiming tax benefits under the Industrial Park Scheme, 2002 require timely commissioning, occupancy by the number of units stated in the approval, continued operation for the period of benefits, joint intimation and agreement submission on transfer of operation and maintenance, and semiannual submission of Form IPS-II to the Central Government.
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