Rescission of industrial park approval revokes prior notification affecting eligibility for tax deductions and withdraws operations transfer. The Central Government, invoking clause (iii) of sub section (4) of section 80 IA read with section 21 of the General Clauses Act, 1897, rescinds the Gazette notification that had notified M/s Meenakshi Infrastructure Private Ltd. as an Industrial Park, on account of the undertaking's failure to comply with the Industrial Park Scheme and related approval conditions; the rescission is effective from 21st August 2006.
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Rescission of industrial park approval revokes prior notification affecting eligibility for tax deductions and withdraws operations transfer.
The Central Government, invoking clause (iii) of sub section (4) of section 80 IA read with section 21 of the General Clauses Act, 1897, rescinds the Gazette notification that had notified M/s Meenakshi Infrastructure Private Ltd. as an Industrial Park, on account of the undertaking's failure to comply with the Industrial Park Scheme and related approval conditions; the rescission is effective from 21st August 2006.
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