Industrial park approval under Section 80IA enables tax benefits subject to prescribed infrastructure, unit and compliance conditions. The Central Government notifies M/s. Tech Park-1, Pune, as an industrial park under clause (iii) of sub-section (4) of Section 80-IA, making it eligible for tax benefits subject to specified conditions including park location and area, allocable industrial and commercial percentages, minimum units, prescribed infrastructure investment thresholds and definitions, operational maintenance during the benefit period, unit occupancy limits, separate approvals for foreign or non-resident investment, and joint intimation on transfer of operation. Approval may be invalidated or withdrawn for misinformation, nondisclosure, unauthorized amendments, noncompliance, or undue commencement delay.
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Provisions expressly mentioned in the judgment/order text.
Industrial park approval under Section 80IA enables tax benefits subject to prescribed infrastructure, unit and compliance conditions.
The Central Government notifies M/s. Tech Park-1, Pune, as an industrial park under clause (iii) of sub-section (4) of Section 80-IA, making it eligible for tax benefits subject to specified conditions including park location and area, allocable industrial and commercial percentages, minimum units, prescribed infrastructure investment thresholds and definitions, operational maintenance during the benefit period, unit occupancy limits, separate approvals for foreign or non-resident investment, and joint intimation on transfer of operation. Approval may be invalidated or withdrawn for misinformation, nondisclosure, unauthorized amendments, noncompliance, or undue commencement delay.
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