Approval of the Government of India has been accorded for setting up of an industrial park by M/s Romell Real Estate Pvt. Ltd. - 29/2019 - Income Tax Act, 1961
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Industrial park approval under section 80-IA: tax deduction eligibility tied to notified undertaking meeting prescribed area, unit and compliance conditions. Notification under clause (iii) of sub-section (4) of section 80-IA notifies M/s Romell Real Estate Pvt. Ltd. as the approved developer, maintainer and operator of an industrial park at Plot A-3, Survey Number 586/2,4,6,7 Village Pahadi Goregoan, Mumbai, subject to conditions including minimum constructed floor area, allocable area composition, minimum number of industrial units, single-ownership requirement, limits on area occupied by any unit (including associated enterprises), adherence to activities in the Industrial Park Scheme, separate accounting, annual reporting in the prescribed form, and consequences for noncompliance or misrepresentation.
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Provisions expressly mentioned in the judgment/order text.
Industrial park approval under section 80-IA: tax deduction eligibility tied to notified undertaking meeting prescribed area, unit and compliance conditions.
Notification under clause (iii) of sub-section (4) of section 80-IA notifies M/s Romell Real Estate Pvt. Ltd. as the approved developer, maintainer and operator of an industrial park at Plot A-3, Survey Number 586/2,4,6,7 Village Pahadi Goregoan, Mumbai, subject to conditions including minimum constructed floor area, allocable area composition, minimum number of industrial units, single-ownership requirement, limits on area occupied by any unit (including associated enterprises), adherence to activities in the Industrial Park Scheme, separate accounting, annual reporting in the prescribed form, and consequences for noncompliance or misrepresentation.
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