TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Weikfield IT-Citi Infopark, Pune notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... ion) 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 Ist day of April, 1997 and ending on the 31st day of March, 2006; And whereas M/s. Weikfield IT-Citi Infopark, S.No. 31/1 2A, "Weikfield Estates", Nagar Road, Pune-411 014, Maharashtra, is developing an Industrial Park at Part Survey No. 31/1 2A, Village Vadgaonsheri, Taluka Haveli, Weikfield Estates, Nagar Road, Pune-411 014; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/27/04-IP ID dated 1-12-2004 subj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... strial units : 30 Units (viii) Total investments proposed (Amount in Rupees) : 59,58,50,000 (ix) Investment on built up space for Industrial use (Amount in Rupees). : 26,60,00,000 (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 59,58,50,000 (xi) Proposed date of commencement of the Industrial Park : 1st, February 2006 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. In the case of an Industrial Park which provides built-up space for industrial use, the minimum expenditure on infrastructure develop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e-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. Weikfield IT-Citi Infopark, Pune, 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 wrong information/misinformation or some material information has not been provided in it. (ii) it is for the location of the industrial park for w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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