Industrial park notification: tax benefits conditioned on specified infrastructure, minimum units, and compliance with approval terms. Notification designates M/s. L&T Infocity Limited's Madhapur development as an industrial park for income-tax benefit purposes, listing location, area, eligible activities, 100% allocable industrial area, a minimum of five units, commencement timing and investment particulars. Tax benefits are subject to conditions: the park must be operated by the undertaking, benefits accrue only after the minimum units locate, infrastructure expenditure thresholds (60% where built-up space is provided; 50% generally) apply, no single unit may occupy over half the allocable area, requisite regulatory approvals must be obtained, and transfers, amendments or misinformation trigger invalidation or withdrawal of approval.
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Industrial park notification: tax benefits conditioned on specified infrastructure, minimum units, and compliance with approval terms.
Notification designates M/s. L&T Infocity Limited's Madhapur development as an industrial park for income-tax benefit purposes, listing location, area, eligible activities, 100% allocable industrial area, a minimum of five units, commencement timing and investment particulars. Tax benefits are subject to conditions: the park must be operated by the undertaking, benefits accrue only after the minimum units locate, infrastructure expenditure thresholds (60% where built-up space is provided; 50% generally) apply, no single unit may occupy over half the allocable area, requisite regulatory approvals must be obtained, and transfers, amendments or misinformation trigger invalidation or withdrawal of approval.
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