Industrial park approval under section 80 IA with mandated area allocation, infrastructure investment thresholds and compliance conditions. Central Government notifies M/s L & T Infocity Limited, Hyderabad as an industrial park under the income tax provision, subject to Schedule terms: location and area, permitted activities by NIC groups, minimum industrial allocable area of 66%, commercial allocation capped at 10%, infrastructure investment minimums (50% generally, 60% where built up industrial space is provided), definition of infrastructure, exclusion of specified activity codes, single unit limited to 50% of allocable industrial area, separate FDI/NRI approvals required, continued operation permitted during benefit period, and withdrawal or invalidation for non compliance or undisclosed material facts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Industrial park approval under section 80 IA with mandated area allocation, infrastructure investment thresholds and compliance conditions.
Central Government notifies M/s L & T Infocity Limited, Hyderabad as an industrial park under the income tax provision, subject to Schedule terms: location and area, permitted activities by NIC groups, minimum industrial allocable area of 66%, commercial allocation capped at 10%, infrastructure investment minimums (50% generally, 60% where built up industrial space is provided), definition of infrastructure, exclusion of specified activity codes, single unit limited to 50% of allocable industrial area, separate FDI/NRI approvals required, continued operation permitted during benefit period, and withdrawal or invalidation for non compliance or undisclosed material facts.
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