For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur notified - 182/2007 - Income Tax Act, 1961
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Industrial park notification: designated Growth Centre qualifies for section 80IA(4)(iii) tax benefits subject to compliance. Central Government notifies the Growth Centre developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Dholpur as an industrial park for purposes of clause (iii) of sub section (4) of section 80IA, subject to annexure conditions. The annexure prescribes approved location, area, allocable industrial/commercial percentages, minimum industrial units and investment, and conditions making tax benefits contingent on locating the specified units. It mandates minimum infrastructure expenditure thresholds, defines infrastructure, caps single unit occupancy at 50% of allocable industrial area, requires statutory approvals, obliges continued operation by the undertaking, and provides for invalidation, transfer notification, and withdrawal on non compliance.
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Provisions expressly mentioned in the judgment/order text.
Industrial park notification: designated Growth Centre qualifies for section 80IA(4)(iii) tax benefits subject to compliance.
Central Government notifies the Growth Centre developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Dholpur as an industrial park for purposes of clause (iii) of sub section (4) of section 80IA, subject to annexure conditions. The annexure prescribes approved location, area, allocable industrial/commercial percentages, minimum industrial units and investment, and conditions making tax benefits contingent on locating the specified units. It mandates minimum infrastructure expenditure thresholds, defines infrastructure, caps single unit occupancy at 50% of allocable industrial area, requires statutory approvals, obliges continued operation by the undertaking, and provides for invalidation, transfer notification, and withdrawal on non compliance.
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