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TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Kanyakumari Builders Private Limited, Mumbai notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 1st day of April, 1997 and ending on the 31st day of March, 2006; AND WHEREAS M/s. Kanyakumari Builders Private Limited, Raheja Chambers, Linking Road & Main Avenue, Santacruz (W), Mumbai-400 054, is developing an Industrial Park at Plot No. 9 & 10, EPIP, First Phase, Survey No. 146(P) & 149(P), White Field Industrial Area, Hoodi Village, K.R. Puram, Taluka-Hobli, District-Bangalore, Kamataka-560 004; AND WHEREAS the Central Government has approved the said Industrial Park vide Ministry o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting and analysis services. (v) Percentage of allocable area earmarked for Industrial use : 90.09% (vi) Percentage of allocable area earmarked for commercial use : 9.01% (vii) Minimum number of industrial units : 03 Units (viii) Total investments proposed (Amount in Rupees) : 4500.00 Lakhs (ix) Investment on built up space for Industrial use (Amount in Rupees) : 1300.00 Lakhs (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 3900.00 Lakhs (xi) Proposed date of commencement of the Industrial Park : March, 2006 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 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. Kanyakumari Builders Private Limited, Mumbai, shall be solely responsible for any repercussions of such invalidity, if (i) the application on the basis of which the approval is accorded by the Central Government contains wro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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