Industrial park approval under Section 80IA(4)(iii): tax benefits subject to investment, unit-count, infrastructure and compliance conditions. Notification under Section 80IA(4)(iii) designates M/s. L&T Infocity-Ascendas Limited's development as an industrial park for tax-benefit purposes, conditional on specified location, activity types, allocable area split (90% industrial, 10% commercial), a minimum of twenty units, phased commencement dates, and stated investment figures. Eligibility requires adherence to the Industrial Park Scheme conditions, maintaining operation by the undertaking, meeting minimum infrastructure-investment thresholds, limiting any single unit to fifty percent of industrial area, securing separate regulatory approvals, and complying with transfer and disclosure requirements, with invalidation and responsibility for non-compliance.
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Provisions expressly mentioned in the judgment/order text.
Industrial park approval under Section 80IA(4)(iii): tax benefits subject to investment, unit-count, infrastructure and compliance conditions.
Notification under Section 80IA(4)(iii) designates M/s. L&T Infocity-Ascendas Limited's development as an industrial park for tax-benefit purposes, conditional on specified location, activity types, allocable area split (90% industrial, 10% commercial), a minimum of twenty units, phased commencement dates, and stated investment figures. Eligibility requires adherence to the Industrial Park Scheme conditions, maintaining operation by the undertaking, meeting minimum infrastructure-investment thresholds, limiting any single unit to fifty percent of industrial area, securing separate regulatory approvals, and complying with transfer and disclosure requirements, with invalidation and responsibility for non-compliance.
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