Industrial park notification: growth centre approved for tax benefits subject to infrastructure, unit, allocation and compliance conditions. The Central Government notifies the Oragadam Growth Centre developed by M/s. SIPCOT Limited, Chennai, as an industrial park for tax incentives under the Income tax Act, subject to annexed terms: specified location, area, permitted industrial and service activities, allocation of industrial and commercial area, a minimum number of units, and defined infrastructure investment. Conditions include minimum infrastructure spending thresholds, definition of infrastructure, a cap on single unit area occupation, requirement to obtain statutory approvals, continuity of operation by SIPCOT during benefit period, notification on transfer of operations, and invalidity or withdrawal of approval for misinformation, nondisclosure, unauthorized amendments, delay, or noncompliance.
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Industrial park notification: growth centre approved for tax benefits subject to infrastructure, unit, allocation and compliance conditions.
The Central Government notifies the Oragadam Growth Centre developed by M/s. SIPCOT Limited, Chennai, as an industrial park for tax incentives under the Income tax Act, subject to annexed terms: specified location, area, permitted industrial and service activities, allocation of industrial and commercial area, a minimum number of units, and defined infrastructure investment. Conditions include minimum infrastructure spending thresholds, definition of infrastructure, a cap on single unit area occupation, requirement to obtain statutory approvals, continuity of operation by SIPCOT during benefit period, notification on transfer of operations, and invalidity or withdrawal of approval for misinformation, nondisclosure, unauthorized amendments, delay, or noncompliance.
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