Industrial park deduction eligibility requires notified undertaking ownership, unit occupancy thresholds, area caps, and compliance filings. Notification under section 80-IA designates M/s. Intime Properties Private Limited and its specified Madhapur project as an industrial park, subject to conditions: single-undertaking ownership; a minimum number of industrial units counted with associated enterprises; limits on any unit's share of allocable area; a cap on commercial area; permitted activities per the Industrial Park (Amendment) Scheme, 2010; separate books and timely tax returns; annual Form IPS-II filing; and invalidation or withdrawal of approval for misrepresentation, nondisclosure, unauthorized plan amendments, or 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 deduction eligibility requires notified undertaking ownership, unit occupancy thresholds, area caps, and compliance filings.
Notification under section 80-IA designates M/s. Intime Properties Private Limited and its specified Madhapur project as an industrial park, subject to conditions: single-undertaking ownership; a minimum number of industrial units counted with associated enterprises; limits on any unit's share of allocable area; a cap on commercial area; permitted activities per the Industrial Park (Amendment) Scheme, 2010; separate books and timely tax returns; annual Form IPS-II filing; and invalidation or withdrawal of approval for misrepresentation, nondisclosure, unauthorized plan amendments, or noncompliance.
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