Development area specification sets peripheral zones from municipal limits for tax benefit eligibility under income tax law. Notification under clause (f) of sub section (14) of section 80-IB prescribes peripheral development areas outside municipal or cantonment limits for tax incentive eligibility. It classifies municipalities into four groups and sets distance-based peripheral zones from municipal or cantonment limits corresponding to each group as specified in the schedule. The peripheral zones determine which outlying areas qualify under the provision. The notification states that it comes into force on the first day of April, 2000.
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.
Development area specification sets peripheral zones from municipal limits for tax benefit eligibility under income tax law.
Notification under clause (f) of sub section (14) of section 80-IB prescribes peripheral development areas outside municipal or cantonment limits for tax incentive eligibility. It classifies municipalities into four groups and sets distance-based peripheral zones from municipal or cantonment limits corresponding to each group as specified in the schedule. The peripheral zones determine which outlying areas qualify under the provision. The notification states that it comes into force on the first day of April, 2000.
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