Income Tax Act, 1961
Section 4: Ins. by Act 25 of 2014, s. 12 (w.e.f. 12015).
4. Ins. by Act 25 of 2014, s. 12 (w.e.f. 12015).
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(ii) who holds, directly or indirectly, shares carrying not less than twenty-six per cent of the
voting power in the capital of the assessee;
(iii) who appoints more than half of the Board of directors or members of the governing
board, or one or more executive directors or executive members of the governing board of the
assessee; or
(iv) who guarantees not less than ten per cent of the total borrowings of the assessee;
(b) “cold chain facility” means a chain of facilities for storage or transportation of agricultural
and forest produce, meat and meat products, poultry, marine and dairy products, products of
horticulture, floriculture and apiculture and processed food items under scientifically controlled
conditions including refrigeration and other facilities necessary for the preservation of such produce;
1[(ba) “infrastructure facility” means—
(i) a road including toll road, a bridge or a rail system;
(ii) a highway project including housing or other activities being an integral part of the
highway project;
(iii) a water supply project, water treatment system, irrigation project, sanitation and
sewerage system or solid waste management system;
(iv) a port, airport, inland waterway, inland port or navigational channel in the sea;]
(c) “specified business” means any one or more of the following business, namely :—
(i) setting up and operating a cold chain facility;
(ii) setting up and operating a warehousing facility for storage of agricultural produce;
(iii) laying and operating a cross-country natural gas or crude or petroleum oil pipeline
network for distribution, including storage facilities being an integral part of such network;
2[(iv) building and operating, anywhere in India, a 3[hotel] of two-star or above category as
classified by the Central Government;
(v) building and operating, anywhere in India, a 4[hospital] with at least one hundred beds for
patients;
(vi) developing and building a housing project under a scheme for slum redevelopment or
rehabilitation framed by the Central Government or a State Government, as the case may be, and
notified by the Board in this behalf in accordance with the guidelines as may be prescribed;
who holds, directly or indirectly, shares carrying not less than twenty-six per cent of the
voting power in the capital of the assessee;
who appoints more than half of the Board of directors or members of the governing
board, or one or more executive directors or executive members of the governing board of the
assessee; or
who guarantees not less than ten per cent of the total borrowings of the assessee;
“cold chain facility” means a chain of facilities for storage or transportation of agricultural
and forest produce, meat and meat products, poultry, marine and dairy products, products of
horticulture, floriculture and apiculture and processed food items under scientifically controlled
conditions including refrigeration and other facilities necessary for the preservation of such produce;
1[
“infrastructure facility” means—
a road including toll road, a bridge or a rail system;
a highway project including housing or other activities being an integral part of the
highway project;
a water supply project, water treatment system, irrigation project, sanitation and
sewerage system or solid waste management system;
a port, airport, inland waterway, inland port or navigational channel in the sea;]
“specified business” means any one or more of the following business, namely :—
setting up and operating a cold chain facility;
setting up and operating a warehousing facility for storage of agricultural produce;
laying and operating a cross-country natural gas or crude or petroleum oil pipeline
network for distribution, including storage facilities being an integral part of such network;
2[
building and operating, anywhere in India, a 3[hotel] of two-star or above category as
classified by the Central Government;
building and operating, anywhere in India, a 4[hospital] with at least one hundred beds for
patients;
developing and building a housing project under a scheme for slum redevelopment or
rehabilitation framed by the Central Government or a State Government, as the case may be, and
notified by the Board in this behalf in accordance with the guidelines as may be prescribed;