Industrial park recognition enables tax-benefit eligibility subject to allocable-area, infrastructure and operational compliance by developer. Central Government notifies Tidel Park Limited's software technology park as an industrial park for purposes of clause (iii) of sub section (4) of section 80 IA, subject to annexed terms requiring a minimum industrial allocable area, a cap on commercial area, specified infrastructure and investment thresholds, excluded activity categories by NIC reference, limits on single unit occupancy, separate approvals for foreign or NRI investment where necessary, continued operation of the park while benefits are claimed, and government power to withdraw approval for non compliance.
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.
Industrial park recognition enables tax-benefit eligibility subject to allocable-area, infrastructure and operational compliance by developer.
Central Government notifies Tidel Park Limited's software technology park as an industrial park for purposes of clause (iii) of sub section (4) of section 80 IA, subject to annexed terms requiring a minimum industrial allocable area, a cap on commercial area, specified infrastructure and investment thresholds, excluded activity categories by NIC reference, limits on single unit occupancy, separate approvals for foreign or NRI investment where necessary, continued operation of the park while benefits are claimed, and government power to withdraw approval for non compliance.
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