https://www.taxtmi.com/notifications?id=119978 Notification designates M/s. Ascendas IT Park (Chennai) Ltd. as an industrial park under the relevant income tax clause, listing project particulars (location, area, NIC activities, allocable area percentages, minimum units, investment and commencement date) and annexed conditions. Key operative requirements: prescribed minimum infrastructure expenditure proportions (higher where built up industrial space is provided); infrastructure defined to include roads, water, sewerage, CETF, telecom, power and common facilities; single unit occupancy capped at half the allocable industrial area; separate regulatory approvals required; tax benefits conditional on locating the stipulated number of units and the notifying company's continued operation; transfer and non compliance rules specified. en-us Thu, 23 Feb 2017 00:00:00 +0530 Wed, 01 Mar 2017 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119978 Notification designates M/s. Ascendas IT Park (Chennai) Ltd. as an industrial park under the relevant income tax clause, listing project particulars (location, area, NIC activities, allocable area percentages, minimum units, investment and commencement date) and annexed conditions. Key operative requirements: prescribed minimum infrastructure expenditure proportions (higher where built up industrial space is provided); infrastructure defined to include roads, water, sewerage, CETF, telecom, power and common facilities; single unit occupancy capped at half the allocable industrial area; separate regulatory approvals required; tax benefits conditional on locating the stipulated number of units and the notifying company's continued operation; transfer and non compliance rules specified. Notifications Income Tax Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119978