Industrial park notification: recognition enables tax benefits subject to prescribed investment, unit-occupancy, approval and compliance conditions. The Central Government notifies M/s. Murli Realtors Private Limited's undertaking as an industrial park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: park location, activities, allocable area split, minimum units, investment and commencement particulars; mandated minimum infrastructure expenditure and defined infrastructure components; unit occupancy limits; requirement of separate statutory approvals; conditions that tax benefits accrue only after minimum units locate in the park; continuation of operation by the promoter; transfer notification procedures; and invalidation or withdrawal of approval for misinformation, non-disclosure, unauthorized amendments, delays, or non-compliance.
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Industrial park notification: recognition enables tax benefits subject to prescribed investment, unit-occupancy, approval and compliance conditions.
The Central Government notifies M/s. Murli Realtors Private Limited's undertaking as an industrial park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: park location, activities, allocable area split, minimum units, investment and commencement particulars; mandated minimum infrastructure expenditure and defined infrastructure components; unit occupancy limits; requirement of separate statutory approvals; conditions that tax benefits accrue only after minimum units locate in the park; continuation of operation by the promoter; transfer notification procedures; and invalidation or withdrawal of approval for misinformation, non-disclosure, unauthorized amendments, delays, or non-compliance.
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