Deductions - In Respect Of Profits And Gains From Industrial Undertakings, Or Enterprises Engaged In Infrastructure Development - 55/2012 - Income Tax Act, 1961
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Industrial park tax deduction under section 80-IA: approval conditional on specified infrastructure, operational and compliance requirements. Approval notifies M/s iLABS Hyderabad Technology Centre Pvt. Ltd.'s industrial park as eligible for benefits under clause (iii) of sub-section (4) of section 80-IA, subject to terms: specified location, permitted activities, allocable area split, minimum number of units, investment and commencement details; infrastructure expenditure minima (50% or 60% where built-up space provided) and defined infrastructure scope; restriction on single-unit area occupancy; requirement to obtain statutory approvals; tax benefits contingent on meeting unit and operational requirements; and invalidation or withdrawal provisions for misinformation, nondisclosure, unapproved amendments, transfers without intimation, or failure to comply.
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 tax deduction under section 80-IA: approval conditional on specified infrastructure, operational and compliance requirements.
Approval notifies M/s iLABS Hyderabad Technology Centre Pvt. Ltd.'s industrial park as eligible for benefits under clause (iii) of sub-section (4) of section 80-IA, subject to terms: specified location, permitted activities, allocable area split, minimum number of units, investment and commencement details; infrastructure expenditure minima (50% or 60% where built-up space provided) and defined infrastructure scope; restriction on single-unit area occupancy; requirement to obtain statutory approvals; tax benefits contingent on meeting unit and operational requirements; and invalidation or withdrawal provisions for misinformation, nondisclosure, unapproved amendments, transfers without intimation, or failure to comply.
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