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Industrial park designation under Section 80-IA enables tax benefit eligibility subject to specified infrastructure, unit and compliance conditions. Notification under Section 80-IA(4)(iii) designates M/s. G. Laxmi Devi, Hyderabad, as an industrial park eligible for specified income-tax benefits, subject to the annexed terms. The annexure prescribes project particulars (location, area, permitted NIC-coded activities), allocable area percentages for industrial and commercial use, minimum unit count and investment figures. Mandatory infrastructure-investment thresholds and a definition of qualifying infrastructure are imposed. Entitlement to tax benefits requires establishment of the minimum units and continued operation by the applicant; delays, transfers, misinformation, undisclosed material facts, unauthorized amendments or noncompliance can invalidate or prompt withdrawal of 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 designation under Section 80-IA enables tax benefit eligibility subject to specified infrastructure, unit and compliance conditions.
Notification under Section 80-IA(4)(iii) designates M/s. G. Laxmi Devi, Hyderabad, as an industrial park eligible for specified income-tax benefits, subject to the annexed terms. The annexure prescribes project particulars (location, area, permitted NIC-coded activities), allocable area percentages for industrial and commercial use, minimum unit count and investment figures. Mandatory infrastructure-investment thresholds and a definition of qualifying infrastructure are imposed. Entitlement to tax benefits requires establishment of the minimum units and continued operation by the applicant; delays, transfers, misinformation, undisclosed material facts, unauthorized amendments or noncompliance can invalidate or prompt withdrawal of approval.
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