Industrial park notification grants tax-benefit recognition subject to infrastructure investment, minimum units and compliance conditions. Notification under section 80-IA(4)(iii) designates M/s. Hiranandani Builders' Winchester Industrial Park as an industrial park for tax benefits, specifying location, activities, 100% industrial allocable area and a minimum of ten units. Conditions require minimum infrastructure expenditure thresholds (50% generally; 60% where built-up industrial space is provided), defined common infrastructure, a cap preventing any single unit occupying more than fifty percent of allocable area, separate statutory approvals for investments, operator continuity while benefits are availed, transfer intimation on change of operator, and invalidation for misinformation or unauthorized amendments.
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Industrial park notification grants tax-benefit recognition subject to infrastructure investment, minimum units and compliance conditions.
Notification under section 80-IA(4)(iii) designates M/s. Hiranandani Builders' Winchester Industrial Park as an industrial park for tax benefits, specifying location, activities, 100% industrial allocable area and a minimum of ten units. Conditions require minimum infrastructure expenditure thresholds (50% generally; 60% where built-up industrial space is provided), defined common infrastructure, a cap preventing any single unit occupying more than fifty percent of allocable area, separate statutory approvals for investments, operator continuity while benefits are availed, transfer intimation on change of operator, and invalidation for misinformation or unauthorized amendments.
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