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Industrial Park notification under Section 80-IA(4)(iii) ties tax benefits to specified infrastructure, unit thresholds and compliance. Notification under Section 80-IA(4)(iii) designates ICC Tech Park, Pune, developed by M/s. ICC Realty (India) Private Limited, as an Industrial Park for tax benefit purposes subject to conditions. The Annexure sets eligibility and compliance rules: location, area, permitted industrial activities, 90% industrial/10% commercial allocation, minimum three units, investment and infrastructure expenditure thresholds (50% general, 60% where built-up industrial space provided), specified common facilities, unit occupancy limit of 50% of allocable industrial area, and requirement that tax benefits accrue only after the minimum units are established. Approval may be invalidated for misinformation, nondisclosure, unauthorized amendments, delayed commencement beyond one year without fresh approval, or non-compliance; transfer of operation requires joint intimation to the Secretariat for Industrial Assistance.
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Provisions expressly mentioned in the judgment/order text.
Industrial Park notification under Section 80-IA(4)(iii) ties tax benefits to specified infrastructure, unit thresholds and compliance.
Notification under Section 80-IA(4)(iii) designates ICC Tech Park, Pune, developed by M/s. ICC Realty (India) Private Limited, as an Industrial Park for tax benefit purposes subject to conditions. The Annexure sets eligibility and compliance rules: location, area, permitted industrial activities, 90% industrial/10% commercial allocation, minimum three units, investment and infrastructure expenditure thresholds (50% general, 60% where built-up industrial space provided), specified common facilities, unit occupancy limit of 50% of allocable industrial area, and requirement that tax benefits accrue only after the minimum units are established. Approval may be invalidated for misinformation, nondisclosure, unauthorized amendments, delayed commencement beyond one year without fresh approval, or non-compliance; transfer of operation requires joint intimation to the Secretariat for Industrial Assistance.
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