Industrially backward district designation preserves tax incentives retroactively, extending eligibility for new industrial undertakings in the listed districts. Central Government notifies specified districts as industrially backward for purposes of section 80-IA and the Income-tax Rules, based on the Study Group report and district boundaries as recorded in the Census; where a listed district is reorganised after the Census, all areas that comprised the district in the Census continue to qualify. The notification is effective retrospectively from 1 October 1994 to extend tax incentives to new industrial undertakings in the listed districts.
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Provisions expressly mentioned in the judgment/order text.
Industrially backward district designation preserves tax incentives retroactively, extending eligibility for new industrial undertakings in the listed districts.
Central Government notifies specified districts as industrially backward for purposes of section 80-IA and the Income-tax Rules, based on the Study Group report and district boundaries as recorded in the Census; where a listed district is reorganised after the Census, all areas that comprised the district in the Census continue to qualify. The notification is effective retrospectively from 1 October 1994 to extend tax incentives to new industrial undertakings in the listed districts.
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