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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Panchshil IT Park in Pune designated as Industrial Park under Section 80IA(4)(iii) for tax benefits; must meet investment criteria.</h1> The Central Government has notified the Panchshil IT Park, developed by a private company in Mumbai, as an Industrial Park under Section 80IA(4)(iii) of the Income-tax Act, 1961. Located in Pune, Maharashtra, the park spans 19,206 square meters and is designated for various industrial activities, including communication services and consultancy. The project requires a minimum investment of 30 crores, with at least 50% allocated to infrastructure. The park must maintain at least three industrial units and adhere to specific conditions for tax benefits. Non-compliance or misinformation may lead to invalidation of the approval.
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