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Para 2 - Definitions - Industrial Park Scheme, 2002Extract Definitions. 2. In this Scheme, unless the context otherwise requires,— (a) "Act" means Income-tax Act, 1961 (43 of 1961); (b) "allocable area" means,— (i) in the case of an industrial park referred to in sub-paragraph (b) of paragraph 4, the net floor area available for allocation but excluding the built up space used for providing common facilities; (ii) in any other case, the net area available for allocation for industrial, commercial or residential purpose but excluding the areas used for providing common facilities; (c) "common facilities" includes the facilities of air-conditioning, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power used by two or more indus trial units in an industrial park; (d) "empowered committee" means a committee constituted under paragraph 7; (e) "form" means a form appended to this Scheme; (f) "infrastructure development" includes, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power, air conditioning and such other facilities as are for common use for industrial activity which are identifiable and are provided on commercial terms; (g) "paragraph" means paragraph of this Scheme; (h) "undertaking" means any undertaking which is engaged in the business of developing, developing and operating or maintain ing and operating an industrial park notified by the Central Government in accordance with this scheme; (i) "unit" means any separate and distinct entity for the purpose of one or more State or Central tax laws.
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