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For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Shyamaraju & Company (India) Private Limited, Bangalore notified - 151/2006 - Income Tax Act, 1961
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Industrial park notification: tax benefits depend on allocation, investment, minimum units, operation, transfer and compliance conditions. The Central Government notifies M/s. Shyamaraju & Company (India) Private Limited's undertaking as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed terms. Conditions for tax benefit eligibility include specified allocable area proportions for industrial and commercial use, a minimum number of industrial units on site, prescribed minimum infrastructure and built up investment thresholds, occupancy limits for single units, separate statutory approvals for investments, continued operation by the grantee during benefit entitlement, transfer intimation procedures, and invalidation or withdrawal for misinformation, undisclosed material facts, amendments without approval, or non compliance.
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Industrial park notification: tax benefits depend on allocation, investment, minimum units, operation, transfer and compliance conditions.
The Central Government notifies M/s. Shyamaraju & Company (India) Private Limited's undertaking as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed terms. Conditions for tax benefit eligibility include specified allocable area proportions for industrial and commercial use, a minimum number of industrial units on site, prescribed minimum infrastructure and built up investment thresholds, occupancy limits for single units, separate statutory approvals for investments, continued operation by the grantee during benefit entitlement, transfer intimation procedures, and invalidation or withdrawal for misinformation, undisclosed material facts, amendments without approval, or non compliance.
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