Specified Business definition clarifies eligible activities for section 35AD tax benefit, covering infrastructure, housing and manufacturing. For section 35AD(8)(c) of the Income-tax Act, 1961, Specified Business comprises a prescribed list of eligible activities: cold chain facilities; warehousing for agricultural produce and sugar; cross country pipelines (including storage); slurry pipelines for iron ore; inland container depots and container freight stations; bee keeping and honey production; fertilizer production; semiconductor wafer fabrication units as notified; hotels of two star or above; hospitals with minimum one hundred beds; housing projects under notified slum redevelopment/rehabilitation or affordable housing schemes; and development, maintenance or operation of new infrastructure facilities.
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Provisions expressly mentioned in the judgment/order text.
Specified Business definition clarifies eligible activities for section 35AD tax benefit, covering infrastructure, housing and manufacturing.
For section 35AD(8)(c) of the Income-tax Act, 1961, Specified Business comprises a prescribed list of eligible activities: cold chain facilities; warehousing for agricultural produce and sugar; cross country pipelines (including storage); slurry pipelines for iron ore; inland container depots and container freight stations; bee keeping and honey production; fertilizer production; semiconductor wafer fabrication units as notified; hotels of two star or above; hospitals with minimum one hundred beds; housing projects under notified slum redevelopment/rehabilitation or affordable housing schemes; and development, maintenance or operation of new infrastructure facilities.
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