Income Tax Act, 2025
Section 1: Ins. by Act 18 of 2008, s. 18 (w.e.f. 12009).
1. Ins. by Act 18 of 2008, s. 18 (w.e.f. 12009).
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(vii) Ahmedabad urban agglomeration;
(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 included in such urban
agglomeration on the basis of the 2001 census.]
(12) Where any undertaking of an Indian company which is entitled to the deduction under this
section is transferred, before the expiry of the period specified in this section, to another Indian company
in a scheme of amalgamation or demerger—
(a) no deduction shall be admissible under this section to the amalgamating or the demerged
company for the previous year in which the amalgamation or the demerger takes place; and
(b) the provisions of this section shall, as far as may be, apply to the amalgamated or the resulting
company as they would have applied to the amalgamating or the demerged company if the
amalgamation or demerger had not taken place.
(13) The provisions contained in sub-section (5) and sub-sections (7) to (12) of section 80-IA shall, so
far as may be, apply to the eligible business under this section.
(14) For the purposes of this section,—
1[(a) “built-up area” means the inner measurements of the residential unit at the floor level,
including the projections and balconies, as increased by the thickness of the walls but does not
include the common areas shared with other residential units;]
2[(aa)]“cold chain facility” means a chain of facilities for storage or transportation of agricultural
produce under scientifically controlled conditions including refrigeration and other facilities
necessary for the preservation of such produce;
3[4[(ab)]“convention centre” means a building of a prescribed area comprising of convention halls
to be used for the purpose of holding conferences and seminars, being of such size and number and
having such other facilities and amenities, as may be prescribed;]
(b) “hilly area” means any area located at a height of one thousand metres or more above the sea
level;
(c) “initial assessment year”—
(i) in the case of an industrial undertaking or cold storage plant or ship or hotel, means the
assessment year relevant to the previous year in which the industrial undertaking begins to
manufacture or produce articles or things, or to operate its cold storage plant or plants or the cold
chain facility or the ship is first brought into use or the business of the hotel starts functioning;
Ahmedabad urban agglomeration;
District of Faridabad;
District of Gurgaon;
District of Gautam Budh Nagar;
District of Ghaziabad;
District of Gandhinagar; and
City of Secunderabad;
the area comprising an urban agglomeration shall be the area included in such urban
agglomeration on the basis of the 2001 census.]
Where any undertaking of an Indian company which is entitled to the deduction under this
section is transferred, before the expiry of the period specified in this section, to another Indian company
in a scheme of amalgamation or demerger—
no deduction shall be admissible under this section to the amalgamating or the demerged
company for the previous year in which the amalgamation or the demerger takes place; and
the provisions of this section shall, as far as may be, apply to the amalgamated or the resulting
company as they would have applied to the amalgamating or the demerged company if the
amalgamation or demerger had not taken place.
The provisions contained in sub-section
and sub-sections
to
of section 80-IA shall, so
far as may be, apply to the eligible business under this section.
For the purposes of this section,—
1[
“built-up area” means the inner measurements of the residential unit at the floor level,
including the projections and balconies, as increased by the thickness of the walls but does not
include the common areas shared with other residential units;]
2[
“hilly area” means any area located at a height of one thousand metres or more above the sea
level;
“initial assessment year”—
in the case of an industrial undertaking or cold storage plant or ship or hotel, means the
assessment year relevant to the previous year in which the industrial undertaking begins to
manufacture or produce articles or things, or to operate its cold storage plant or plants or the cold
chain facility or the ship is first brought into use or the business of the hotel starts functioning;