India - Income Tax Act 2010 - Saarc

1.477 CH. VIA - DEDUCTIONS IN RESPECT OF CERTAIN INCOMES S. 80-IB(viii) District of Faridabad;(ix) District of Gurgaon;(x) District of Gautam Budh Nagar;(xi) District of Ghaziabad;(xii) District of Gandhinagar; and(xiii) City of Secunderabad;(d) the area comprising an urban agglomeration shall be the area includedin such urban agglomeration on the basis of the 2001 census.](12) Where any undertaking of an Indian company which is entitled to thededuction under this section is transferred, before the expiry of the periodspecified in this section, to another Indian company in a scheme of amalgamationor demerger—(a) no deduction shall be admissible under this section to the amalgamatingor the demerged company for the previous year in which theamalgamation or the demerger takes place; and(b) the provisions of this section shall, as far as may be, apply to theamalgamated or the resulting company as they would have applied tothe amalgamating or the demerged company if the amalgamation ordemerger had not taken place.(13) The provisions contained in sub-section (5) and sub-sections (7) to (12) ofsection 80-IA shall, so far as may be, apply to the eligible business under thissection 75 .(14) For the purposes of this section,—76[(a) “built-up area” means the inner measurements of the residential unitat the floor level, including the projections and balconies, as increasedby the thickness of the walls but does not include the common areasshared with other residential units;]77[(aa)] “cold chain facility” means a chain of facilities for storage or transportationof agricultural produce under scientifically controlled conditionsincluding refrigeration and other facilities necessary for thepreservation of such produce;78[ 79 [(ab)] “convention centre” means a building of a prescribed area comprisingof convention halls to be used for the purpose of holding conferencesand seminars, being of such size and number and having such otherfacilities and amenities, as may be prescribed 80 ;](b) “hilly area” means any area located at a height of one thousand metresor more above the sea level;(c) “initial assessment year”—(i) in the case of an industrial undertaking or cold storage plant orship or hotel, means the assessment year relevant to the previous75. See rule 18BBB and Form No. 10CCB.76. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005.77. Clause (a) re-lettered as clause (aa), ibid.78. Inserted by the Finance Act, 2002, w.e.f. 1-4-2003.79. Clause (aa) re-lettered as clause (ab) by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005.80. See rule 18DC and Form No. 10CCBB.