For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Paliwal Overseas Private Limited notified - 024/2007 - Income Tax

Industrial Park Notification: approval enables tax incentives under the Income-tax Act subject to prescribed conditions and compliance requirements.

Notification designates M/s. Paliwal Overseas Private Limited's undertaking at RMZ Titanium, Bangalore, as an Industrial Park for the purposes of clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, permitting tax incentives subject to the annexed terms. The annexure details location, area, permitted industrial activities, full industrial allocation, minimum unit count, investment and infrastructure expenditure requirements, commencement timeline, limits on single-unit occupancy, obligations to secure statutory and foreign investment approvals, operational continuity by the grantee, transfer notification procedures, and grounds for invalidation or withdrawal of approval for non-compliance.