Profits and gains from industrial undertakings purposes of section 80-IB(10) - 67/2010 - Income Tax

Profits and gains from industrial undertakings purposes of section 80-IB(10) Notification No. 67/2010 Dated: 3-8-2010 S.O. 1898(E).- In exercise of the powers conferred by the proviso to Clause (a) and (b) of sub-section (10) of section 80-IB of the Income-tax Act, 1961 (43 of 1961) , the Board hereby notifies the Scheme contained in Regulations 33(10) of Development Control Regulation for Greater Mumbai 1991 read with the provisions of notification No TPB-4391/4080 (A)/UD - 11(RDP) dated 3rd June, 1992, as a scheme for the purposes of the said Section subject to the following conditions, - (i) slum development falling in Category VII mentioned in notification No TPB-4391/4080 (A)/UD-11(RDP) dated 3rd June 1992 shall be excluded from the Scheme; (ii) slum development falling within clause 7.7 of the Appendix IV of regulation 33(10) which provide for joint development of slum and non slum areas shall be excluded from the Scheme; and (iii) any amendment in the Scheme hereby notified shall be required to be re-notified by the Board. 2. This notification shall come into force with effect from the date of its publication. [F.No.178/37/2006-ITA-I],