https://www.taxtmi.com/acts?id=19075 The rule prescribes the application and approval process for notifying a semiconductor wafer fabrication manufacturing unit as a specified business: apply in Form No. 3CS to the Board; respond to deficiency letters within the allowed period or face possible invalidation; the Board may seek additional information, publish the notification or reject the application with reasons, and may withdraw approval if operations cease, activities are not genuine or prior incentive approval is withdrawn. Eligible units must be exclusively for semiconductor wafer fabrication, have prior competent authority approval under the incentive scheme, commence commercial operations after the prescribed date, be located in India, maintain separate accounts for capital expenditure claimed for deduction, and file timely returns. en-us Tue, 23 Dec 2014 09:58:24 +0530 Sat, 09 Oct 2021 13:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19075 The rule prescribes the application and approval process for notifying a semiconductor wafer fabrication manufacturing unit as a specified business: apply in Form No. 3CS to the Board; respond to deficiency letters within the allowed period or face possible invalidation; the Board may seek additional information, publish the notification or reject the application with reasons, and may withdraw approval if operations cease, activities are not genuine or prior incentive approval is withdrawn. Eligible units must be exclusively for semiconductor wafer fabrication, have prior competent authority approval under the incentive scheme, commence commercial operations after the prescribed date, be located in India, maintain separate accounts for capital expenditure claimed for deduction, and file timely returns. Act-Rules Income Tax Tue, 23 Dec 2014 09:58:24 +0530 https://www.taxtmi.com/acts?id=19075