For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Paliwal Overseas Private Limited notified

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..... romotion) vide number S.O. 193(E), dated the 30th March, 1999, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002 and vide number S.O. 354(E), dated the 1st day of April, 2002, for the period beginning on the 1stday of April, 1997 and ending on the 31st day of March, 2006; AND WHEREAS M/s. Paliwal Overseas Private Limited, having registered office at B-14, Greater Kailash-I, New Delhi-110048, is developing an Industrial Park at RMZ Titanium, 135, Airport Road, Bangalore, Karnataka-560 017; AND WHEREAS the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/73/2006-ID, dated 5-12-2006 subject to the terms and conditions mentioned .....

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..... rea earmarked for Industrial use : 100 per cent (vi) Percentage of allocable area earmarked for commercial use : Nil (vii) Minimum Number of Industrial units : 05 Units (viii) Total investments proposed (Amount in Rupees) : 85,00,43,740 (ix) Investment on built-up space for Industrial use (Amount in Rupees) : 62,38,59,375 (x) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 85,00,43,740 (xi) Proposed date of commencement of the Industrial Park : 20-9-2003 2. The min .....

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..... Para 1 (vii) of this Notification, are located in the Industrial Park. 7. M/s. Paliwal Overseas Private Limited, New Delhi, shall continue to operate the Industrial Park during the period in which the benefits under clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 are to be availed. 8. In case the commencement of the Industrial Park is delayed by more than one year from the date indicated in Para 1(xi) of this notification, fresh approval will be required under the Industrial Park Scheme, 2002, for availing benefits under sub-section 4(iii) of section 80-IA of the Income-tax Act, 1961 . 9. The approval will be invalid and M/s. Paliwal Overseas Private Limited, NewDelhi, shall be solely responsible for an .....

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