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Industrial park approval under Section 80IA(4)(iii) conditions eligibility on infrastructure, unit thresholds and compliance. Notification under Section 80IA(4)(iii) notifies M/s. Weikfield IT-Citi Infopark, Pune as an industrial park eligible for benefits under the Industrial Park Scheme, specifying location, area, permitted activity (data processing and related services), allocable area split between industrial and commercial use, minimum unit requirement, investment and built-up space details, and commencement timing. Conditions require minimum infrastructure expenditure thresholds, defined infrastructure components, a cap on area occupancy by any single unit, separate statutory approvals for foreign or non-resident investment, continuity of operation by the promoter, procedures for transfer, and grounds for invalidation or withdrawal of approval for non-compliance.
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Provisions expressly mentioned in the judgment/order text.
Industrial park approval under Section 80IA(4)(iii) conditions eligibility on infrastructure, unit thresholds and compliance.
Notification under Section 80IA(4)(iii) notifies M/s. Weikfield IT-Citi Infopark, Pune as an industrial park eligible for benefits under the Industrial Park Scheme, specifying location, area, permitted activity (data processing and related services), allocable area split between industrial and commercial use, minimum unit requirement, investment and built-up space details, and commencement timing. Conditions require minimum infrastructure expenditure thresholds, defined infrastructure components, a cap on area occupancy by any single unit, separate statutory approvals for foreign or non-resident investment, continuity of operation by the promoter, procedures for transfer, and grounds for invalidation or withdrawal of approval for non-compliance.
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