Scheme to develop, operate and maintain special economic zones under section 80-IA of Income-tax Act read with rule 18C(2) of Income-tax Rules (From Para 1 to Para 5)
SEZ approval conditions require continued operation to retain tax benefits under the income tax scheme; non-compliance permits approval withdrawal. Approval to set up and operate within a Special Economic Zone under the income tax scheme is conditioned on the undertaking's continued operation within the SEZ for the entire period during which tax benefits are claimed, and the Central Government may withdraw approval if the undertaking fails to comply with any condition of its approval.
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.
SEZ approval conditions require continued operation to retain tax benefits under the income tax scheme; non-compliance permits approval withdrawal.
Approval to set up and operate within a Special Economic Zone under the income tax scheme is conditioned on the undertaking's continued operation within the SEZ for the entire period during which tax benefits are claimed, and the Central Government may withdraw approval if the undertaking fails to comply with any condition of its approval.
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