Deduction under section 80-IA: Industrial park notified for tax benefits, contingent on allocation, unit and compliance conditions. Notification under section 80-IA designates M/s. Ferani Hotels Pvt. Ltd., Mumbai as an Industrial Park for tax deduction purposes subject to the Industrial Park Scheme and Rule 18C. Approval specifies location, commencement certificate date, minimum constructed floor area, allocation percentages for industrial and commercial use, minimum number of industrial units, ownership by a single undertaking, permissible activities, requirement to keep separate books of account, timely filing of returns, and annual reporting in Form IPS-II, with Central Government power to withdraw approval for non-compliance or misrepresentation.
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Provisions expressly mentioned in the judgment/order text.
Deduction under section 80-IA: Industrial park notified for tax benefits, contingent on allocation, unit and compliance conditions.
Notification under section 80-IA designates M/s. Ferani Hotels Pvt. Ltd., Mumbai as an Industrial Park for tax deduction purposes subject to the Industrial Park Scheme and Rule 18C. Approval specifies location, commencement certificate date, minimum constructed floor area, allocation percentages for industrial and commercial use, minimum number of industrial units, ownership by a single undertaking, permissible activities, requirement to keep separate books of account, timely filing of returns, and annual reporting in Form IPS-II, with Central Government power to withdraw approval for non-compliance or misrepresentation.
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