Case law › Notifications › 2016 › Notification No. 20/2016 [F.No. 178/34/2011-ITA-I] / SO 1172(E)

Notification 21 March 2016

Notification No. 20/2016 [F.No. 178/34/2011-ITA-I] / SO 1172(E)

Ministry of Finance

What this is

Notification No. 20/2016 [F.No. 178/34/2011-ITA-I] / SO 1172(E) was published on 21 March 2016. Its subject is Ministry of Finance.

What it does

Under clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 read with rule 18C of the Income-tax Rules, 1962, and under the Industrial Park Scheme, 2008 notified by S.O. 51(E) dated 8 January 2008, the Central Government notifies the undertaking of M/s. Ascendas IT Park (Chennai) Ltd. and its project named 'Crest' and 'Zenith' at Kanagam Village and Thiruvanmiyur Village, Chennai, from the date of commencement of the industrial park, 31 March 2011. The Annexure fixes a minimum constructed floor area of 15,000 square metres, activities as defined in the Industrial Park Scheme, 2008, at least 75 per cent of the allocable area for industrial use and not more than 10 per cent for commercial use, and a minimum of thirty industrial units. The park is to be owned by one undertaking; all units of a person and his associated enterprises count as a single unit for the thirty-unit test; no unit with its associated enterprises may occupy more than twenty-five per cent of the allocable area; the benefit is available only to the notified undertaking and not to any later developer or operator; the undertaking may claim the deduction for any ten consecutive assessment years out of fifteen beginning with the assessment year relevant to the notified date of commencement; the units may carry on only the activities specified in the Scheme; and separate books of account must be kept and returns filed by the due date.

Who it reaches

M/s. Ascendas IT Park (Chennai) Ltd. as the notified undertaking
the industrial units located in the Crest and Zenith buildings
the assessing officer examining the section 80-IA(4)(iii) deduction
the Central Board of Direct Taxes monitoring the approval

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 Act	Now
s.80	s.121, s.138, s.139, s.140, s.141, s.142, s.143

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 21st March, 2016
(INCOME-TAX)
S.O. 1172(E).— Whereas the Central Government 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) (hereinafter referred to as the said Act),
has framed and notified a scheme for industrial park, by the notification of the Government of India in the Ministry
of Finance (Department of Revenue, Central Board of Direct Taxes) vide number S.O. 51(E), dated the
8thth January, 2008;
And whereas M/s. Ascendas IT Park (Chennai) Ltd. having its registered office at 1st Floor, Pinnacle
Building, International Tech Park, CSIR Road, Taramani, Chennai – 600 113 has developed an industrial park
named "Crest" and "Zenith" at Plot No.9, Survey No.TS 8/1, Block No.9 Survey No.TS1/7, Block No.7, Survey
No.TS 9/2 Block No.9 and Survey No.TS 1/1, Block No.7, Kanagam Village Thiruvanmiyur Village, MambalamGuindy Taluk/ Mylapore-Triplicane Taluka, Chennai, Tamil Nadu – 600 113.
Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of
the said Act, read with rule 18C of the Income-tax Rules, 1962, the Central Government hereby notifies the
undertaking from the date of commencement of the industrial park that is the 31st March, 2011 being developed and
being maintained and operated by M/s. Ascendas IT Park (Chennai) Ltd., as an undertaking and the project named
"Crest" and "Zenith" placed at Plot No. 9, Survey No.TS 8/1, Block No. 9, Survey No. TS1/7, Block No. 7,
Survey No. TS 9/2 Block No. 9 and Survey No. TS 1/1, Block No. 7, Kanagam Village Thiruvanmiyur Village,
Mambalam-Guindy Taluk/ Mylapore-Triplicane Taluka, Chennai, Tamil Nadu–600 113 for the purposes of the said
clause (iii) subject to the terms and conditions mentioned in the Annexure to this notification.

ANNEXURE
The terms and conditions on which the approval of the Government of India has been accorded for setting
up of an industrial park by M/s. Ascendas IT Park (Chennai) Ltd.
(i) Name of the industrial : M/s. Ascendas IT Park (Chennai) Ltd.
undertaking
(ii) Proposed location : Plot No.9, Survey No.TS 8/1, Block No.9 Survey
No.TS1/7, Block No.7, Survey No.TS 9/2 Block
No.9 and Survey No.TS 1/1, Block no.7, Kanagam
Village Thiruvanmiyur Village, Mambalam-
Guindy Taluk/ Mylapore-Triplicane Taluka,
Chennai, Tamil Nadu – 600 113.
(iii) Minimum constructed
floor area : 15,000 square meters.
(iv) Proposed industrial : As defined in Industrial Park Scheme, 2008
activities notified by the Government of India, Ministry of
Finance (Department of Revenue, Central Board
of Direct Taxes) vide notification Number.
S.O. 51(E), dated the 8th January, 2008.

(v) Percentage of allocable : 75% or more.
area earmarked for
industrial use
(vi) Percentage of allocable : 10% or less.
area earmarked for
commercial use
(vii) Minimum number of : 30 units.
industrial units
(viii) Date of commencement : 31st March, 2011.

2. The industrial park shall be construed as developed on the date of its commencement that is,
the 31st March, 2011.
3. The industrial park should be owned by one undertaking.
4. The tax benefits under the Income-tax Act, 1961 shall be available to the undertaking only if minimum
number of thirty industrial units are located in the industrial park and 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.
5. No industrial unit, alongwith the units of an associated enterprise, shall occupy more than twenty five per
cent. of the allocable area.
6. The tax benefits under the Income-tax Act, 1961 shall be available only to the undertaking notified by this
notification and not to any other person who may subsequently develop, develops and operates or maintains and
operates the notified industrial park, for any reason.
7. The undertaking, subject to the fulfillment of the term and conditions mentioned in this notification, may at its
option claim deduction under clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 for any
ten consecutive assessment years out of fifteen years beginning from the assessment year relevant to the date of
commencement of industrial park mentioned in this notification.
8. The industrial units located in the industrial park shall undertake only those activities as specified in
Industrial Park Scheme, 2008 mentioned above.
9. The undertaking shall keep separate books of accounts for the industrial park and shall file its income tax
returns by the due date before the Income-tax Department.
10. This notification shall be invalid, if-
(i) the application on the basis of which the approval is accorded by the Central Government contains
wrong information or misinformation or some material information has not been provided in it;
(ii) it is for the location of the industrial park for which approval has already been accorded in the
name of another undertaking,
and M/s. Ascendas IT Park (Chennai) Ltd. shall be solely responsible for any repercussions of such invalidity.
11. The undertaking shall furnish an annual report to the Central Board of Direct Taxes in Form IPS-II as
provided in the Industrial Park Scheme, 2008 mentioned above.
12. The terms and conditions mentioned in this notification as well as those included in the aforesaid Industrial
Park Scheme, 2008 should be adhered to during the period for which benefits under the said scheme are to be
availed and in case the undertaking, fails to comply with any of the conditions, the Central Government may
withdraw the aforesaid approval.
13. Any amendment of the project plan without the approval of the Central Government or detection of such
amendment in future, or failure on the part of the undertaking to disclose any material fact, shall invalidate the
approval of the industrial park.
[Notification No. 20 /2016/F.No. 178/34/2011-ITA-I]
DEEPSHIKHA SHARMA, Director
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

What it changes

The rule numbers are the 1962 Rules’ own, as the notification names them. The right-hand column is the department’s own mapping into the Income-tax Rules, 2026, which renumbered nearly everything.

Rule of the 1962 Rules	Now, in the 2026 Rules
Rule 18C	no counterpart recorded

From when

31 March 2011, the notified date of commencement of the industrial park, retrospectively.

What to watch

The notification operates from the date of commencement of the industrial park, 31 March 2011, though issued on 21 March 2016, so it reaches back to that year.
The deduction may be claimed for any ten consecutive assessment years out of the fifteen beginning with the assessment year relevant to 31 March 2011.
The thirty-unit minimum is a condition of the tax benefit, and units of a person with his associated enterprises count as one.
The extract stops short in the middle of condition 10, which sets out when the notification becomes invalid, so the remaining conditions must be read from the gazetted annexure.

Where you meet it

In the company's return and assessment claiming deduction under section 80-IA(4)(iii) for this industrial park, and in the verification of the unit count and area conditions.

What it names

Rules it names. Rule 18C of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

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. 53/2025 [F. No. 370142/16/2025-TPL] / GSR 356(E) — Ministry of Finance 30 May 2025
Notification No. 50/2025 [F. No. 370142/14/2025-TPL] / GSR 352(E) — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 29 May 2025
Notification No. 51/2025 [F. No. 370142/17/2025-TPL] / GSR 353(E) — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 29 May 2025
Circular No. 13/2023 — Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of incom 26 July 2023
Notification No. 72/2020 [F. No.178/111/2009-ITA-1]/ SO 3035(E) — Ministry of Finance 8 September 2020
Notification No. 29/2019/ F.No. 178/8/2015-ITA-I]/SO 1465(E) — Ministry of Finance 28 March 2019

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.