SC to decide industrial park's Sec 80-IA tax-holiday eligibility based on 'minimum units' located
SC admits Revenue's SLP against Gujarat HC judgement in case of an infrastructure company involved in setting up an industrial park ('assessee'); HC had ruled that assessee would be entitled to deduction u/s. 80-IA once the minimum number of units in accordance with the Industrial Park Scheme, 2008 i.e. 30 units are located in the Industrial Park (i.e. from AY 2010-11 onwards); HC had rejected Revenue's stand that since CBDT notified assessee's undertaking as...
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