Section 80-IA of the Income-tax Act, 1961 - Deductions - Profits and gains from industrial infrastructure undertakings, etc. - Notified undertakings. - 10/2012 - Income Tax Act, 1961
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Industrial park notification: tax deductions contingent on meeting unit, operation, approval and compliance conditions and transfer rules. The Central Government notifies M/s. Prasad Technology Park Pvt. Ltd., Bangalore, as an industrial park for tax benefits under clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location, area, NIC-coded activities, allocable area split, minimum three industrial units, investment particulars and commencement date. Tax incentives require statutory and foreign investment approvals, attainment of the minimum units, continuous operation by the developer, and adherence to project plans; misinformation, duplicate approvals, unauthorized amendments, or missed commencement timelines invalidate approval and may prompt withdrawal or fresh approval requirements.
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: tax deductions contingent on meeting unit, operation, approval and compliance conditions and transfer rules.
The Central Government notifies M/s. Prasad Technology Park Pvt. Ltd., Bangalore, as an industrial park for tax benefits under clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location, area, NIC-coded activities, allocable area split, minimum three industrial units, investment particulars and commencement date. Tax incentives require statutory and foreign investment approvals, attainment of the minimum units, continuous operation by the developer, and adherence to project plans; misinformation, duplicate approvals, unauthorized amendments, or missed commencement timelines invalidate approval and may prompt withdrawal or fresh approval requirements.
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