Industrial park deduction eligibility granted subject to court directive, conditional ministry approval and compliance with project terms. M/s. Creative Infocity Limited's undertaking at Indroda Circle, Gandhinagar is notified as an industrial park for purposes of 80-IA tax benefits following a Gujarat High Court direction, subject to the final outcome of any appellate proceedings and to any revocation by the Ministry of Commerce. The annexure prescribes park identity, location, area, activities, unit numbers, investment and commencement; requires separate statutory approvals; conditions tax benefits on placement of required units and continued operation; and provides that misinformation, unauthorized amendments, failure to disclose material facts, or non-compliance may invalidate or lead to withdrawal of approval.
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Provisions expressly mentioned in the judgment/order text.
Industrial park deduction eligibility granted subject to court directive, conditional ministry approval and compliance with project terms.
M/s. Creative Infocity Limited's undertaking at Indroda Circle, Gandhinagar is notified as an industrial park for purposes of 80-IA tax benefits following a Gujarat High Court direction, subject to the final outcome of any appellate proceedings and to any revocation by the Ministry of Commerce. The annexure prescribes park identity, location, area, activities, unit numbers, investment and commencement; requires separate statutory approvals; conditions tax benefits on placement of required units and continued operation; and provides that misinformation, unauthorized amendments, failure to disclose material facts, or non-compliance may invalidate or lead to withdrawal of approval.
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