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Industrial park notification under Section 80-IA(4)(iii) conditions tax benefit eligibility on infrastructure, unit count and compliance. Notification under Section 80-IA(4)(iii) notifies M/s. Vansum Industries, Pune, as an industrial park eligible for tax benefits subject to conditions: specified allocable areas for industrial and commercial use, a minimum number of units to be located before benefits can be claimed, prescribed minimum investment proportions for infrastructure and built-up industrial space, defined common infrastructure facilities, a restriction preventing any single unit from occupying more than half the allocable industrial area, separate statutory approvals for foreign or non-resident investment, and ongoing operational and compliance obligations with consequences for noncompliance.
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Provisions expressly mentioned in the judgment/order text.
Industrial park notification under Section 80-IA(4)(iii) conditions tax benefit eligibility on infrastructure, unit count and compliance.
Notification under Section 80-IA(4)(iii) notifies M/s. Vansum Industries, Pune, as an industrial park eligible for tax benefits subject to conditions: specified allocable areas for industrial and commercial use, a minimum number of units to be located before benefits can be claimed, prescribed minimum investment proportions for infrastructure and built-up industrial space, defined common infrastructure facilities, a restriction preventing any single unit from occupying more than half the allocable industrial area, separate statutory approvals for foreign or non-resident investment, and ongoing operational and compliance obligations with consequences for noncompliance.
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