Industrial activity definitions clarify eligible activities and unit requirements under the Industrial Park Scheme for tax incentives. The Scheme defines industrial activity to include manufacturing, research and experimental development, software development and notified ITES; an industrial unit must be a distinct tax assessable entity with a separate PAN, located in the industrial park and carrying out industrial activity. The industrial park is developed plots or built space with common facilities and quality infrastructure for units; allocable area excludes space for common/infrastructure facilities; date of commencement depends on completion/occupation certificates; undefined terms take their meanings from the Income tax Act.
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 activity definitions clarify eligible activities and unit requirements under the Industrial Park Scheme for tax incentives.
The Scheme defines industrial activity to include manufacturing, research and experimental development, software development and notified ITES; an industrial unit must be a distinct tax assessable entity with a separate PAN, located in the industrial park and carrying out industrial activity. The industrial park is developed plots or built space with common facilities and quality infrastructure for units; allocable area excludes space for common/infrastructure facilities; date of commencement depends on completion/occupation certificates; undefined terms take their meanings from the Income tax Act.
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