Industrial Park designation conditions tax-benefit eligibility subject to infrastructure, unit thresholds and ongoing compliance. Central Government notifies M/s. Phoenix Software Limited's undertaking as an Industrial Park under Section 80IA(4)(iii), specifying location, area, principal activities, allocable area percentages, minimum number of industrial units, proposed investments and commencement date; requires minimum infrastructure expenditure (higher threshold if built-up industrial space provided), defines infrastructure, caps single-unit occupancy at fifty percent of allocable industrial area, conditions tax benefits on meeting the minimum units and continuous operation, requires separate statutory approvals, prescribes procedures for transfer, and permits withdrawal or invalidation for nondisclosure, misstatement, delay or noncompliance.
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Industrial Park designation conditions tax-benefit eligibility subject to infrastructure, unit thresholds and ongoing compliance.
Central Government notifies M/s. Phoenix Software Limited's undertaking as an Industrial Park under Section 80IA(4)(iii), specifying location, area, principal activities, allocable area percentages, minimum number of industrial units, proposed investments and commencement date; requires minimum infrastructure expenditure (higher threshold if built-up industrial space provided), defines infrastructure, caps single-unit occupancy at fifty percent of allocable industrial area, conditions tax benefits on meeting the minimum units and continuous operation, requires separate statutory approvals, prescribes procedures for transfer, and permits withdrawal or invalidation for nondisclosure, misstatement, delay or noncompliance.
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