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Tax incentive for industrial park approval conditioned on infrastructure expenditure, unit thresholds and compliance obligations. Notification designates M/s. Roma Builders Private Limited's undertaking as an Industrial Park under clause (iii) of sub-section (4) of Section 80-IA, subject to annexed terms: identified project particulars (location, area, NIC-coded activities, allocable area split, minimum units, commencement date, and investment), mandatory infrastructure expenditure thresholds, definition of infrastructure, cap on individual unit occupancy of allocable industrial area, requirement to obtain statutory approvals, a unit-threshold condition before tax benefits vest, ongoing operational requirement by the developer, transfer notification procedures, and provisions for invalidation or withdrawal of approval for misrepresentation or non-compliance.
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Tax incentive for industrial park approval conditioned on infrastructure expenditure, unit thresholds and compliance obligations.
Notification designates M/s. Roma Builders Private Limited's undertaking as an Industrial Park under clause (iii) of sub-section (4) of Section 80-IA, subject to annexed terms: identified project particulars (location, area, NIC-coded activities, allocable area split, minimum units, commencement date, and investment), mandatory infrastructure expenditure thresholds, definition of infrastructure, cap on individual unit occupancy of allocable industrial area, requirement to obtain statutory approvals, a unit-threshold condition before tax benefits vest, ongoing operational requirement by the developer, transfer notification procedures, and provisions for invalidation or withdrawal of approval for misrepresentation or non-compliance.
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