Income tax exemption designation for industrial estates: specified land parcels notified for eligibility and effective operation. The Central Board of Direct Taxes notifies specified Khasra numbers in a schedule, by district and tehsil, as Industrial Estates or Industrial Areas for the purposes of the income tax exemption provision; the notification is effective on publication in the Official Gazette, and, for estates/areas not yet designated by the State Government, the notification takes effect only from the date on which the State Government notifies or designates those estates or areas.
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.
Income tax exemption designation for industrial estates: specified land parcels notified for eligibility and effective operation.
The Central Board of Direct Taxes notifies specified Khasra numbers in a schedule, by district and tehsil, as Industrial Estates or Industrial Areas for the purposes of the income tax exemption provision; the notification is effective on publication in the Official Gazette, and, for estates/areas not yet designated by the State Government, the notification takes effect only from the date on which the State Government notifies or designates those estates or areas.
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