India - Income Tax Act 2010 - Saarc

S. 80-IA I.T. ACT, 1961 1.452(Contd. from p. 1.451)(iva) the business of the hotel, located in a place other than a place referred to in clause(iiia) of this sub-section and not being located at a place within the municipaljurisdiction (whether known as a municipality, municipal corporation, notified areacommittee, town area committee or a cantonment board or by any other name) ofCalcutta, Chennai, Delhi and Mumbai, starts functioning at any time during theperiod beginning on the 1st day of April, 1997 and ending on the 31st day of March,2001;(v) the hotel is for the time being approved by the prescribed authority.(4A) This section applies to any enterprise carrying on the business of developing,maintaining and operating any infrastructure facility which fulfils all the followingconditions, namely :—(i) the enterprise is owned by a company registered in India or by a consortium of suchcompanies;(ii) the enterprise has entered into an agreement with the Central Government or aState Government or a local authority or any other statutory body for developing,maintaining and operating a new infrastructure facility subject to the conditionthat such infrastructure facility shall be transferred to the Central Government,State Government, local authority or such other statutory body, as the case may be,within the period stipulated in the agreement;(iii) the enterprise starts operating and maintaining the infrastructure facility on orafter the 1st day of April, 1995.(4B) This section applies to any company registered in India carrying on scientific andindustrial research and development which fulfils all the following conditions, namely :—(i) the company has the main object of scientific and industrial research and development;(ii) the company is for the time being approved by the prescribed authority at any timebefore the 1st day of April, 1999.(4C) This section applies to any undertaking which starts providing telecommunicationservices whether basic or cellular including radiopaging, domestic satellite service ornetwork of trunking and electronic data interchange services at any time on or after the1st day of April, 1995 but before the 31st day of March, 2000.(4D) This section applies to any undertaking which begins to operate an industrial parknotified by the Central Government in accordance with the scheme framed and notifiedby that Government for the period beginning on the 1st day of April, 1997 and ending onthe 31st day of March, 2002.(4E) This section applies to any undertaking which begins commercial production orrefining of mineral oil in the North-Eastern Region or in any part of India on or after the1st day of April, 1997 :Provided that the provisions of this section shall apply in case of refining of mineral oilwhere the undertaking begins refining on or after the 1st day of October, 1998.(4F) This section applies to an undertaking, engaged in developing and building housingprojects approved by a local authority subject to the condition that the size of the plot ofland has a minimum area of one acre, and the residential unit has a built up area notexceeding one thousand square feet :Provided that the undertaking commences development and construction of the housingproject on or after the 1st day of October, 1998 and completes the same before the 31stday of March, 2001.(5) The amount referred to in sub-section (1) shall be—(i) (a) in the case of an industrial undertaking referred to in sub-clause (a) or sub-clause(d) of clause (iv) of sub-section (2), twenty-five per cent of the profits and gainsderived from such industrial undertakings;(Contd. on p. 1.453)