India - Income Tax Act 2010 - Saarc

S. 80-IB I.T. ACT, 1961 1.478year in which the industrial undertaking begins to manufactureor produce articles or things, or to operate its cold storage plantor plants or the cold chain facility or the ship is first brought intouse or the business of the hotel starts functioning;(ii) in the case of a company carrying on scientific and industrialresearch and development, means the assessment year relevantto the previous year in which the company is approved by theprescribed authority for the purposes of sub-section (8);(iii) in the case of an undertaking engaged in the business of commercialproduction or refining of mineral oil referred to in subsection(9), means the assessment year relevant to the previousyear in which the undertaking commences the commercialproduction or refining of mineral oil;81[(iv) in the case of an undertaking engaged 82 [in the business ofprocessing, preservation and packaging of fruits or vegetables or]in the integrated business of handling, storage and transportationof foodgrains, means the assessment year relevant to the previousyear in which the undertaking begins such business;]83[(v) in the case of a multiplex theatre, means the assessment yearrelevant to the previous year in which a cinema hall, being a partof the said multiplex theatre, starts operating on a commercialbasis;(vi) in the case of a convention centre, means the assessment yearrelevant to the previous year in which the convention centrestarts operating on a commercial basis;]84[(vii) in the case of an undertaking engaged in operating and maintaininga hospital in a rural area, means the assessment year relevantto the previous year in which the undertaking begins to providemedical services;](d) “North-Eastern Region” means the region comprising the States ofArunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland,Sikkim and Tripura;85[(da) “multiplex theatre” means a building of a prescribed area, comprisingof two or more cinema theatres and commercial shops of such sizeand number and having such other facilities and amenities as may beprescribed 86 ;](e) “place of pilgrimage” means a place where any temple, mosque,gurdwara, church or other place of public worship of renown throughoutany State or States is situated;81. Inserted by the Finance Act, 2001, w.e.f. 1-4-2002.82. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005.83. Sub-clauses (v) and (vi) inserted by the Finance Act, 2002, w.e.f. 1-4-2003.84. Inserted by the Finance (No. 2) Act, 2004, w.e.f. 1-4-2005.85. Inserted by the Finance Act, 2002, w.e.f. 1-4-2003.86. See rule 18DB.