Specified Business - Definition / Legal Terminology - Income Tax

For the purposes of section 35AD(8)(c) of the Income tax Act 1961,- 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; (iv) building and operating, anywhere in India, a hotel of two-star or above category as classified by the Central Government; (v) building and operating, anywhere in India, a 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; (vii) developing and building a housing project under a scheme for affordable housing 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; (viii) production of fertilizer in India. ( ix ) setting up and operating an inland container depot or a container freight station notified or approved under the Customs Act, 1962; ( x ) bee-keeping and production of honey and beeswax; ( xi ) setting up and operating a warehousing facility for storage of sugar; (xii) laying and operating a slurry pipeline for the transportation of iron ore; (xiii) setting up and operating a semi-conductor wafer fabrication manufacturing unit notified by the Board in accordance with such guidelines as may be prescribed; (xiv) developing or maintaining and operating or developing, maintaining and operating a new infrastructure facility.