Industrial Park designation under section 80IA requires specified infrastructure, unit allocation and compliance for tax benefit eligibility. Notification under clause (iii) of sub-section (4) of Section 80-IA designates M/s. Shree Tronics Enterprises, Bangalore as an Industrial Park for tax purposes, subject to specified conditions including approved location and area, permitted industrial activities, percentages of allocable industrial and commercial area, minimum number of units, infrastructure investment thresholds, restriction on single-unit occupancy of allocable industrial area, requirement to obtain statutory and foreign investment approvals, commencement timelines, transfer notification procedure, and grounds for invalidation or withdrawal of approval.
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Industrial Park designation under section 80IA requires specified infrastructure, unit allocation and compliance for tax benefit eligibility.
Notification under clause (iii) of sub-section (4) of Section 80-IA designates M/s. Shree Tronics Enterprises, Bangalore as an Industrial Park for tax purposes, subject to specified conditions including approved location and area, permitted industrial activities, percentages of allocable industrial and commercial area, minimum number of units, infrastructure investment thresholds, restriction on single-unit occupancy of allocable industrial area, requirement to obtain statutory and foreign investment approvals, commencement timelines, transfer notification procedure, and grounds for invalidation or withdrawal of approval.
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