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For the purpose of Section 80IA(4)(iii) - Industrial Part M/s. Shyamaraju & Company (India) Private Limited, Bangalore notified - 201/2006 - Income Tax Act, 1961
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Industrial Park notification designates a private undertaking for tax benefits subject to infrastructure, minimum units and compliance conditions. The Central Government notifies M/s. Shyamaraju & Company (India) Private Limited's undertaking as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, specifying location, area, allocable industrial and commercial percentages, minimum units, commencement date, and project and infrastructure investment. Approval is subject to conditions including minimum infrastructure expenditure thresholds, definition of infrastructure, unit occupancy limits, requisite external approvals, continuity of operation by the developer, requirement to meet the minimum units before accessing tax benefits, transfer notification procedures, and invalidation consequences for misinformation or unapproved project amendments.
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Provisions expressly mentioned in the judgment/order text.
Industrial Park notification designates a private undertaking for tax benefits subject to infrastructure, minimum units and compliance conditions.
The Central Government notifies M/s. Shyamaraju & Company (India) Private Limited's undertaking as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, specifying location, area, allocable industrial and commercial percentages, minimum units, commencement date, and project and infrastructure investment. Approval is subject to conditions including minimum infrastructure expenditure thresholds, definition of infrastructure, unit occupancy limits, requisite external approvals, continuity of operation by the developer, requirement to meet the minimum units before accessing tax benefits, transfer notification procedures, and invalidation consequences for misinformation or unapproved project amendments.
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