Industrial park approval sets conditions for tax benefit eligibility, including land allocation, infrastructure and operator obligations. Notification designates Wise Industrial Park Limited's agro and food processing park as an approved industrial park under clause (iii) of sub section (4) of section 80 IA, subject to conditions: minimum 66% allocable area for industrial use, maximum 10% for commercial use, prescribed excluded NIC activities, infrastructure development minima and defined common facilities, cap that no single unit occupy more than 50% of allocable industrial area, requirement for separate foreign investment approvals, continuous operation by the park operator, and government power to withdraw approval for noncompliance.
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 approval sets conditions for tax benefit eligibility, including land allocation, infrastructure and operator obligations.
Notification designates Wise Industrial Park Limited's agro and food processing park as an approved industrial park under clause (iii) of sub section (4) of section 80 IA, subject to conditions: minimum 66% allocable area for industrial use, maximum 10% for commercial use, prescribed excluded NIC activities, infrastructure development minima and defined common facilities, cap that no single unit occupy more than 50% of allocable industrial area, requirement for separate foreign investment approvals, continuous operation by the park operator, and government power to withdraw approval for noncompliance.
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