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For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Salarpuria Properties Private Limited, Bangalore notified - 180/2006 - Income Tax Act, 1961
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Industrial park tax eligibility requires notified park status and adherence to infrastructure, unit and compliance conditions to qualify. Notification designates M/s. Salarpuria Properties Private Limited's development at Salarpuria Hallmark as an Industrial Park for tax benefit purposes, conditional on meeting scheme terms: specified industrial activities, 100% allocable industrial area, a minimum number of units, prescribed minimum infrastructure investment and defined common facilities. A single unit cannot occupy more than fifty percent of allocable industrial area. Requisite approvals for foreign or non-resident investment must be obtained. Tax benefits are claimable only after the minimum units are located. Continued operation by the undertaking, approvals for transfers, and adherence to scheme conditions are required, with invalidation and withdrawal possible for misinformation, undisclosed material facts, unauthorised plan amendments, or non-compliance.
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 tax eligibility requires notified park status and adherence to infrastructure, unit and compliance conditions to qualify.
Notification designates M/s. Salarpuria Properties Private Limited's development at Salarpuria Hallmark as an Industrial Park for tax benefit purposes, conditional on meeting scheme terms: specified industrial activities, 100% allocable industrial area, a minimum number of units, prescribed minimum infrastructure investment and defined common facilities. A single unit cannot occupy more than fifty percent of allocable industrial area. Requisite approvals for foreign or non-resident investment must be obtained. Tax benefits are claimable only after the minimum units are located. Continued operation by the undertaking, approvals for transfers, and adherence to scheme conditions are required, with invalidation and withdrawal possible for misinformation, undisclosed material facts, unauthorised plan amendments, or non-compliance.
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