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For the purpose of Section 80IA(4)(iii) - Industrial Part M/s. K. Raheja IT Park (Hyderabad) Private Limited, Mumbai notified - 220/2006 - Income Tax Act, 1961
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Industrial Park notification conditions tax incentives on infrastructure thresholds, minimum units, continued operation and compliance. Notification designates M/s. K. Raheja IT Park (Hyderabad) Private Limited as an Industrial Park subject to specific conditions: 90% industrial and 10% commercial allocable area; minimum 30 industrial units; infrastructure expenditure at least 50% of project cost (60% if built-up industrial space provided); infrastructure components defined; cap on single-unit occupancy of 50% of allocable industrial area; tax benefits conditioned on meeting unit threshold and continued operation; statutory approvals required; transfers require joint intimation and agreement copy; delayed commencement, misinformation, undisclosed material facts or unapproved amendments invalidate approval.
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Industrial Park notification conditions tax incentives on infrastructure thresholds, minimum units, continued operation and compliance.
Notification designates M/s. K. Raheja IT Park (Hyderabad) Private Limited as an Industrial Park subject to specific conditions: 90% industrial and 10% commercial allocable area; minimum 30 industrial units; infrastructure expenditure at least 50% of project cost (60% if built-up industrial space provided); infrastructure components defined; cap on single-unit occupancy of 50% of allocable industrial area; tax benefits conditioned on meeting unit threshold and continued operation; statutory approvals required; transfers require joint intimation and agreement copy; delayed commencement, misinformation, undisclosed material facts or unapproved amendments invalidate approval.
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