Industrial park tax incentive eligibility approved, conditional on minimum units, infrastructure investment and ongoing compliance. Notification designates M/s. Suma Shilp Limited's undertaking as an industrial park for the purposes of section 80-IA(4)(iii), subject to conditions: at least four industrial units must be present before tax benefits apply; 100% of allocable area is for industrial use; minimum infrastructure investment thresholds apply (50% of project cost, 60% where built-up industrial space is provided); no single unit may occupy over fifty percent of allocable industrial area; continued operation by the developer and separate statutory approvals are required; delayed commencement, misinformation, undisclosed material facts, unauthorized amendments, or non-compliance will invalidate approval.
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Industrial park tax incentive eligibility approved, conditional on minimum units, infrastructure investment and ongoing compliance.
Notification designates M/s. Suma Shilp Limited's undertaking as an industrial park for the purposes of section 80-IA(4)(iii), subject to conditions: at least four industrial units must be present before tax benefits apply; 100% of allocable area is for industrial use; minimum infrastructure investment thresholds apply (50% of project cost, 60% where built-up industrial space is provided); no single unit may occupy over fifty percent of allocable industrial area; continued operation by the developer and separate statutory approvals are required; delayed commencement, misinformation, undisclosed material facts, unauthorized amendments, or non-compliance will invalidate approval.
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