Section 80-IA industrial park notification: tax benefits granted subject to infrastructure, occupancy and compliance conditions. Notification under Section 80-IA(4)(iii) designates Akruti Nirman Limited's MIDC Marol undertaking as an Industrial Park for tax benefits, specifying location, area, permitted industrial activities, allocable area percentages, minimum number of units, commencement date, investment and infrastructure requirements. Benefits are conditional on meeting minimum infrastructure expenditure thresholds, unit occupancy limits, statutory approvals, establishment of the required number of units, continued operation by the promoter, and adherence to scheme conditions; misrepresentation, undisclosed material facts, unauthorised amendments, transfer without intimation, or non-compliance may invalidate approval.
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Provisions expressly mentioned in the judgment/order text.
Section 80-IA industrial park notification: tax benefits granted subject to infrastructure, occupancy and compliance conditions.
Notification under Section 80-IA(4)(iii) designates Akruti Nirman Limited's MIDC Marol undertaking as an Industrial Park for tax benefits, specifying location, area, permitted industrial activities, allocable area percentages, minimum number of units, commencement date, investment and infrastructure requirements. Benefits are conditional on meeting minimum infrastructure expenditure thresholds, unit occupancy limits, statutory approvals, establishment of the required number of units, continued operation by the promoter, and adherence to scheme conditions; misrepresentation, undisclosed material facts, unauthorised amendments, transfer without intimation, or non-compliance may invalidate approval.
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