Industrial Park approval enables tax benefits subject to infrastructure thresholds, unit minimums, transfers, and compliance conditions. Notification designates ICC Trade Towers, developed by M/s. ICC Realty (India) Private Limited, as an industrial park for tax deduction purposes, conditioned on specified location, area (63,516.58 sq. m.), 90% industrial allocation, minimum five industrial units, prescribed permitted activities, investment thresholds, and commencement date; infrastructure expenditure must meet minimum percentage thresholds (50% general; 60% where built up space provided); no single unit may occupy over 50% of industrial area; statutory approvals, compliance, transfer formalities, disclosure accuracy, and adherence to scheme conditions are required or approval may be invalidated or withdrawn.
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Provisions expressly mentioned in the judgment/order text.
Industrial Park approval enables tax benefits subject to infrastructure thresholds, unit minimums, transfers, and compliance conditions.
Notification designates ICC Trade Towers, developed by M/s. ICC Realty (India) Private Limited, as an industrial park for tax deduction purposes, conditioned on specified location, area (63,516.58 sq. m.), 90% industrial allocation, minimum five industrial units, prescribed permitted activities, investment thresholds, and commencement date; infrastructure expenditure must meet minimum percentage thresholds (50% general; 60% where built up space provided); no single unit may occupy over 50% of industrial area; statutory approvals, compliance, transfer formalities, disclosure accuracy, and adherence to scheme conditions are required or approval may be invalidated or withdrawn.
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