Profits and gains from industrial infrastructure undertakings, etc. purpose of Section 80-IA of the Income-tax Act, 1961 - 47/2010 - Income Tax Act, 1961
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Industrial park notification under Section 80-IA: project recognized as eligible, subject to invalidation for misrepresentation or unapproved amendments. The Central Government notifies the identified project developed and operated by the undertaking as an industrial park under the Industrial Park Scheme, recording the commencement date and making the approval conditional on accurate application materials. The approval is liable to be invalidated if the undertaking furnished misinformation or omitted material facts, if the location is already notified for another undertaking, or if the project plan is amended without prior governmental approval, with the undertaking responsible for any resulting repercussions.
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 notification under Section 80-IA: project recognized as eligible, subject to invalidation for misrepresentation or unapproved amendments.
The Central Government notifies the identified project developed and operated by the undertaking as an industrial park under the Industrial Park Scheme, recording the commencement date and making the approval conditional on accurate application materials. The approval is liable to be invalidated if the undertaking furnished misinformation or omitted material facts, if the location is already notified for another undertaking, or if the project plan is amended without prior governmental approval, with the undertaking responsible for any resulting repercussions.
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