Minimum unit threshold triggers industrial park tax benefits only after notification, compliance obligations and annual reporting. Tax benefits for an industrial park are available only after the park is treated as developed at commencement, a minimum unit threshold is met, and both the undertaking and the park are notified by the Central Board of Direct Taxes under section 80-IA; benefits apply exclusively to the notified undertaking and require separate books, timely income tax return filing, and electronic annual reporting in Form IPS-II.
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.
Minimum unit threshold triggers industrial park tax benefits only after notification, compliance obligations and annual reporting.
Tax benefits for an industrial park are available only after the park is treated as developed at commencement, a minimum unit threshold is met, and both the undertaking and the park are notified by the Central Board of Direct Taxes under section 80-IA; benefits apply exclusively to the notified undertaking and require separate books, timely income tax return filing, and electronic annual reporting in Form IPS-II.
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