U/S. 80-IA IT ACT, 1961 - DEDUCTIONS - PROFITS AND GAINS FROM INDUSTRIAL INFRASTRUCTURE UNDERTAKINGS BEING DEVELOPED AND BEING MAINTAINED AND OPERATED BY M/S. FINEST PROMOTERS PRIVATE LTD., NEW DELHI - 21/2014 - Income Tax Act, 1961
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Industrial park notification rescission under income tax deduction provision withdraws prior tax recognition for the undertaking. The Government rescinds the earlier notification recognising M/s. Finest Promoters Private Ltd.'s undertaking as an Industrial Park for purposes of income-tax deductions, following withdrawal of approval under the Industrial Park Scheme; the rescission is effected with retrospective effect to the date of the original notification.
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Industrial park notification rescission under income tax deduction provision withdraws prior tax recognition for the undertaking.
The Government rescinds the earlier notification recognising M/s. Finest Promoters Private Ltd.'s undertaking as an Industrial Park for purposes of income-tax deductions, following withdrawal of approval under the Industrial Park Scheme; the rescission is effected with retrospective effect to the date of the original notification.
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