Industrial park notification under section 80IA enables tax benefits for qualifying parks subject to compliance and approvals. The Central Government notifies M/s. VITP Private Limited's 'ORION' project as an industrial park under clause (iii) of section 80 IA(4), subject to annexure conditions that set permitted software and data processing activities, a specified allocable split for industrial and commercial use, a minimum number of units required before tax benefits may be claimed, mandated minimum infrastructure expenditure thresholds and a defined scope of infrastructure, limits on unit area occupation, separate approvals for foreign investment, operator continuity obligations, transfer notification requirements, and invalidity/withdrawal grounds for non compliance.
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 notification under section 80IA enables tax benefits for qualifying parks subject to compliance and approvals.
The Central Government notifies M/s. VITP Private Limited's "ORION" project as an industrial park under clause (iii) of section 80 IA(4), subject to annexure conditions that set permitted software and data processing activities, a specified allocable split for industrial and commercial use, a minimum number of units required before tax benefits may be claimed, mandated minimum infrastructure expenditure thresholds and a defined scope of infrastructure, limits on unit area occupation, separate approvals for foreign investment, operator continuity obligations, transfer notification requirements, and invalidity/withdrawal grounds for non compliance.
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