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Case law › Notifications › 2008 › Notification No. 106
Notification 28 November 2008

Notification No. 106

Industrial Park Scheme, 2008 - Amendments in Form Ips-1

What this is

Notification No. 106 was published on 28 November 2008. Its subject is Industrial Park Scheme, 2008 - Amendments in Form Ips-1.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.
Under the 1961 ActNow
s.80s.121, s.138, s.139, s.140, s.141, s.142, s.143

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

INDUSTRIAL PARK SCHEME, 2008 - AMENDMENTS IN FORM IPS-1
NOTIFICATION NO. 106/2008 [F.NO. 149/278/2006-TPL], DATED 28-11-2008

In exercise of the powers conferred by clause (iii) of sub section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments to the Industrial Park Scheme, 2008, namely :—
In the Industrial Park Scheme, 2008, in FORM IPS - I,—
(i) for para 2.III, the following para shall be substituted, namely:—
"2.III Details of industrial activity to be undertaken by industrial units:
______________________
______________________
______________________

(ii) for para 3.VI, the following para shall be substituted, namely:—

"3.VI Whether all the criteria as mentioned in para 4 of the industrial Park Scheme, 2008 are met or not:

(a) The date of commencement of the Industrial Park should be on or after the 1st day of April 2006 and not later than the 31st day of March 2009;

Yes/No

(b) The area allocated or to be allocated to industrial units shall not be less than seventy-five per cent of the allocable area;

Yes/No

(c) The area allocated or to be allocated for commercial activity shall not be more than ten per cent of the allocable area;

Yes/No

(d) There shall be a minimum of thirty industrial units located in a industrial park;

Yes/No

(e) For the purpose of computing the minimum number of industrial units; all units of a person and his associated enterprises shall be treated as a single unit.

Yes/No

(f) The minimum constructed floor area shall not be less than 15,000 square metres;

Yes/No

(g) No industrial unit, along with the units of an associated enterprise, shall occupy more than twenty-five per cent of the allocable area;

Yes/No

(h) The industrial park should be owned by only one undertaking; and

Yes/No

(i) Industrial units shall undertake only such industrial activity as defined in clause (j) of para 2 of the Industrial Park Scheme, 2008

Yes/No

2. This notification shall come into force on the date of its publication in the Official Gazette.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

← Notification No. 110  ·  Notification No. 103 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.