Industrial Park notification under Section 80IA requires prescribed infrastructure, minimum units, and compliance for tax benefit eligibility. Notification under Section 80IA(4)(iii) designates M/s. Classic Realty Private Limited's J.P. Nagar undertaking as an Industrial Park subject to annexure conditions: specified area and allocable percentages, minimum four industrial units, prescribed infrastructure and investment thresholds (50% general; 60% where built-up industrial space provided), defined common infrastructure, requirement that benefits are available only after the stipulated units are located, separate statutory approvals including for foreign investment, obligations to operate the park during the benefit period, transfer-intimation procedures, and invalidation/withdrawal consequences for misinformation, non-disclosure, unauthorized project amendments, or non-compliance.
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Provisions expressly mentioned in the judgment/order text.
Industrial Park notification under Section 80IA requires prescribed infrastructure, minimum units, and compliance for tax benefit eligibility.
Notification under Section 80IA(4)(iii) designates M/s. Classic Realty Private Limited's J.P. Nagar undertaking as an Industrial Park subject to annexure conditions: specified area and allocable percentages, minimum four industrial units, prescribed infrastructure and investment thresholds (50% general; 60% where built-up industrial space provided), defined common infrastructure, requirement that benefits are available only after the stipulated units are located, separate statutory approvals including for foreign investment, obligations to operate the park during the benefit period, transfer-intimation procedures, and invalidation/withdrawal consequences for misinformation, non-disclosure, unauthorized project amendments, or non-compliance.
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