Industrial park tax incentive: eligibility and approval rules determine access to income tax benefits under section eighty i a. Scheme under section 80I-A prescribes objectives, application procedure and approval routes for Industrial Model Towns, industrial parks and growth centres; establishes automatic approval criteria including minimum unit numbers, at least 66% allocable area for industrial use, a 10% cap on commercial use, limits on single-unit occupation, defined infrastructure expenditure minimums and eligible infrastructure items; requires separate foreign investment clearances; and provides non-automatic review by an Empowered Committee with power to impose conditions and withdraw approval for non-compliance.
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Industrial park tax incentive: eligibility and approval rules determine access to income tax benefits under section eighty i a.
Scheme under section 80I-A prescribes objectives, application procedure and approval routes for Industrial Model Towns, industrial parks and growth centres; establishes automatic approval criteria including minimum unit numbers, at least 66% allocable area for industrial use, a 10% cap on commercial use, limits on single-unit occupation, defined infrastructure expenditure minimums and eligible infrastructure items; requires separate foreign investment clearances; and provides non-automatic review by an Empowered Committee with power to impose conditions and withdraw approval for non-compliance.
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