TMI BlogSection 80-IA(4)(iii) of the Income-tax Act, 1961 - Deductions - In respect of profits and gains from industrial undertakings, etc., in certain cases - Notified undertaking which develops, operates and maintains an industrial park - Kolte Patil Developers Ltd. notified u/s 80-IA(4)(iii)X X X X Extracts X X X X X X X X Extracts X X X X ..... ii) of the Income-tax Act, 1961 - Deductions - In respect of profits and gains from industrial undertakings, etc., in certain cases - Notified undertaking which develops, operates and maintains an industrial park - Kolte Patil Developers Ltd. notified u/s 80-IA(4)(iii) Notification No. 10/2010 F.No. 178/63/2009-ITA-I, Dated: 19-2-2010 Whereas the Central Government in exercise o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... herefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act read with Rule 18C of the Income Tax Rules, 1962 , the Central Government hereby notifies M/s. Kolte Patil Developers Limited, Pune as an undertaking and the project at Survey No. 198/1B, Lohgaon, Pune, Taluka Haveli, Districti Pune, Maharashtra [(Project Giga Space), (Building ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... industrial activities: As defined in Industrial Park Scheme, 2008 (v) Percentage of allocable area earmarked for Industrial use: 75% or more (vi) Percentage of allocable area earmarked for commercial use: 10% or less (vii) Minimum number of industrial units: 30 Units (viii) Date of commencement of the Industrial Park: 09.05.2007 2. The Industrial Park shall be construed as develope ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntains and operates the notified industrial park, for any reason. 7. The Industrial units shall undertake only those activities as specified in Industrial Park Scheme, 2008. 8. The undertaking must keep separate books of accounts for the industrial park and must file its income tax returns by the due date to the Income-tax department. 9. The notification will be invalid and M/s. Kolte Pati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vernment may withdraw the above approval in case the undertaking, fails to comply with any of the conditions. 12. Any amendment of the project plan without the approval of the Central Government or detection in future, or failure on the part of the applicant to disclose any material fact, will invalidate the approval of the industrial park. - Notification Tax Management India - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X
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