https://www.taxtmi.com/notifications?id=117212 The rules prescribe that an applicant seeking notification of a semiconductor wafer fabrication unit as a specified business under section 35AD must apply in Form No. 3CS to the Central Board of Direct Taxes, which may issue deficiency letters, require additional documents or information, allow time for cure, and either notify approval for Gazette publication or reject/declare the application invalid with reasons. The Board may later withdraw approval for cessation, non-genuine activity, non-compliance with section 35AD or these rules, or withdrawal of prior administrative incentives. The assessee must maintain separate books for the unit and file timely returns to claim the deduction. en-us Fri, 12 Dec 2014 00:00:00 +0530 Thu, 18 Dec 2014 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117212 The rules prescribe that an applicant seeking notification of a semiconductor wafer fabrication unit as a specified business under section 35AD must apply in Form No. 3CS to the Central Board of Direct Taxes, which may issue deficiency letters, require additional documents or information, allow time for cure, and either notify approval for Gazette publication or reject/declare the application invalid with reasons. The Board may later withdraw approval for cessation, non-genuine activity, non-compliance with section 35AD or these rules, or withdrawal of prior administrative incentives. The assessee must maintain separate books for the unit and file timely returns to claim the deduction. Notifications Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117212