Industrial park recognition under section 80-IA enables tax benefits subject to infrastructure, unit count and compliance conditions. The Central Government notifies M/s. JVP Soft Private Limited's undertaking as an industrial park under section 80-IA(4)(iii), subject to annexure conditions: location and area, permitted NIC activities, 80% allocable industrial area, minimum ten units, specified project and infrastructure investments, and infrastructure thresholds (minimum 50% of project cost or 60% where built-up space is provided). Tax benefits are conditioned on presence of the minimum units and continued operation by the promoter; delays over one year require fresh approval. Approval is invalidated by material misinformation, duplicate approvals, unauthorized plan amendments, or non compliance, and transfers require joint intimation with the transfer agreement.
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Provisions expressly mentioned in the judgment/order text.
Industrial park recognition under section 80-IA enables tax benefits subject to infrastructure, unit count and compliance conditions.
The Central Government notifies M/s. JVP Soft Private Limited's undertaking as an industrial park under section 80-IA(4)(iii), subject to annexure conditions: location and area, permitted NIC activities, 80% allocable industrial area, minimum ten units, specified project and infrastructure investments, and infrastructure thresholds (minimum 50% of project cost or 60% where built-up space is provided). Tax benefits are conditioned on presence of the minimum units and continued operation by the promoter; delays over one year require fresh approval. Approval is invalidated by material misinformation, duplicate approvals, unauthorized plan amendments, or non compliance, and transfers require joint intimation with the transfer agreement.
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