Industrial Park at Sitapura Phase-III, Jaipur operated by M/s. Rajasthan State Industrial Development and Investment Corporation Limited, Jaipur, notified for the purposes of section 80-IA(4)(iii) of the Income-tax Act, 1961 - 020/2007 - Income Tax Act, 1961
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Industrial Park notification under section 80-IA enables tax benefits subject to compliance with infrastructure, occupancy and approval conditions. Notification under section 80-IA(4)(iii) designates the Sitapura Phase-III Industrial Park, developed and to be operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, as eligible for tax benefits subject to conditions: specified project parameters (area, allocable industrial/commercial proportions, minimum units, commencement date), minimum infrastructure investment thresholds, provision of common facilities, limits on single-unit occupation of allocable area, requisite external approvals, establishment of minimum units before benefits accrue, continuous operation by the developer, prescribed procedures for transfer of operation, and invalidation for misrepresentation, nondisclosure, unauthorized amendments, or delayed commencement without fresh 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.
Industrial Park notification under section 80-IA enables tax benefits subject to compliance with infrastructure, occupancy and approval conditions.
Notification under section 80-IA(4)(iii) designates the Sitapura Phase-III Industrial Park, developed and to be operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, as eligible for tax benefits subject to conditions: specified project parameters (area, allocable industrial/commercial proportions, minimum units, commencement date), minimum infrastructure investment thresholds, provision of common facilities, limits on single-unit occupation of allocable area, requisite external approvals, establishment of minimum units before benefits accrue, continuous operation by the developer, prescribed procedures for transfer of operation, and invalidation for misrepresentation, nondisclosure, unauthorized amendments, or delayed commencement without fresh approval.
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