For the purpose of Section 80IA(4)(iii) - Industrial Part M/s. Meenakshi Infrastructures Private Limited, Hyderabad notified - 216/2006 - Income Tax Act, 1961
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Industrial Park Notification: designation of a private-developed park with conditional tax incentive eligibility and compliance requirements. Notification under clause (iii) of sub section (4) of Section 80 IA designates M/s. Meenakshi Infrastructures Private Limited's ''E Park'' as an Industrial Park for tax incentive purposes, subject to conditions including specified area and activity allocations, minimum number of industrial units, prescribed minimum infrastructure investment proportions, separate statutory approvals for foreign investment, requirement that the minimum units be located before tax benefits can be availed, continued operation by the developer during the benefit period, procedures for transfer notification, and grounds for invalidation or withdrawal of approval for misrepresentation, nondisclosure, unauthorized project amendments, or noncompliance.
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Industrial Park Notification: designation of a private-developed park with conditional tax incentive eligibility and compliance requirements.
Notification under clause (iii) of sub section (4) of Section 80 IA designates M/s. Meenakshi Infrastructures Private Limited's ''E Park'' as an Industrial Park for tax incentive purposes, subject to conditions including specified area and activity allocations, minimum number of industrial units, prescribed minimum infrastructure investment proportions, separate statutory approvals for foreign investment, requirement that the minimum units be located before tax benefits can be availed, continued operation by the developer during the benefit period, procedures for transfer notification, and grounds for invalidation or withdrawal of approval for misrepresentation, nondisclosure, unauthorized project amendments, or noncompliance.
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