Deduction u/s 80-IA - Notifies M/s. India Land and Properties Pvt. Ltd. having its registered address at Plot No. 14, 3rd Main Road, Ambattur Industrial Estate, Chennai, has developed an Industrial Park at Indian Land Tech Park Tower AB and Tower C At Survey No. 195 part, 196 part, 197 part, 198 part, 199 part and 200 part of Mannurpet Village and 6 part, 7 part, 8 part and 10 part, of Athipet Village, Village Mannurpet and Athipet, Taluka Ambattur, District Thiruvallur, Tamil Nadu - 48/2012 - Income Tax Act, 1961
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Deduction under section 80-IA: industrial park notification grants conditional tax benefits subject to compliance and occupancy requirements. Notification under section 80-IA approves M/s India Land and Properties Pvt. Ltd., Chennai, as the developer, maintainer and operator of an industrial park at Indian Land Tech Park Towers AB and C, specifying site, minimum constructed floor area, permitted activities under the Industrial Park Amendment Scheme, allocable area percentages, minimum industrial units and commencement date. Tax benefits under section 80-IA are available only to the notified undertaking after the minimum unit threshold is met; separate books and timely tax filings are required; annual reporting in Form IPS-II is mandated; non-disclosure, misrepresentation, unauthorized amendments or non-compliance may invalidate the notification and attract withdrawal of approval.
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.
Deduction under section 80-IA: industrial park notification grants conditional tax benefits subject to compliance and occupancy requirements.
Notification under section 80-IA approves M/s India Land and Properties Pvt. Ltd., Chennai, as the developer, maintainer and operator of an industrial park at Indian Land Tech Park Towers AB and C, specifying site, minimum constructed floor area, permitted activities under the Industrial Park Amendment Scheme, allocable area percentages, minimum industrial units and commencement date. Tax benefits under section 80-IA are available only to the notified undertaking after the minimum unit threshold is met; separate books and timely tax filings are required; annual reporting in Form IPS-II is mandated; non-disclosure, misrepresentation, unauthorized amendments or non-compliance may invalidate the notification and attract withdrawal of approval.
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