Fiscal concession under Section 80 IA enables tax relief for industrial parks through a notified approval scheme. Scheme grants tax exemptions to encourage private development of industrial model towns and parks that provide integrated infrastructure and common facilities for manufacturing, including roads, power, water, drainage, telecommunications and R&D. It establishes two application routes: an automatic approval route with disposal and communication within fifteen days for eligible filings in the prescribed form with fee, and referral of other applications to an Empowered Committee in the Ministry of Industry. The Secretariat for Industrial Assistance handles filings and issues acknowledgements and SIA numbers.
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.
Fiscal concession under Section 80 IA enables tax relief for industrial parks through a notified approval scheme.
Scheme grants tax exemptions to encourage private development of industrial model towns and parks that provide integrated infrastructure and common facilities for manufacturing, including roads, power, water, drainage, telecommunications and R&D. It establishes two application routes: an automatic approval route with disposal and communication within fifteen days for eligible filings in the prescribed form with fee, and referral of other applications to an Empowered Committee in the Ministry of Industry. The Secretariat for Industrial Assistance handles filings and issues acknowledgements and SIA numbers.
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