TMI BlogDeduction u/s 80-IA - Notifies M/s. Ferani Hotels Pvt. Ltd. having its registered address at B, 2nd Floor, 623 Linking Road, Khar (W), Mumbai, has developed an Industrial Park at Bldg. Nos. 1, 4, 11, 14 & 21, 827A/4A(pt.), Malad, Mumbai Suburban District, MaharashtraX X X X Extracts X X X X X X X X Extracts X X X X ..... f Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New, Delhi the 6 th November, 2012 (INCOME-TAX) Notification No. 47/2012 Dated 6-11-2012 S.O. 2687(E)- Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ving its registered address at B, 2nd Floor, 623 Linking Road, Khar (W), Mumbai, has developed an Industrial Park at Bldg. Nos. 1, 4, 11, 14 21, 827A/4A(pt.), Malad, Mumbai Suburban District, Maharashtra being developed and being maintained and operated by the said undertaking, as an industrial park for the purposes of the said clause (iii) subject to the terms and conditions mentioned in the an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 75% or more (vi) Percentage of allocable area earmarked for commercial use : 10% or less (vii) Minimum number of industrial units : 37 Units (viii) Date of commencement of the Industrial Park : 28.03.2011 2. The Industrial Park shall be construed as developed on the date of comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e notified industrial park, for any reason. 7. The Industrial units shall undertake only those activities as specified in Industrial Park (Amendment) Scheme, 2010. 8. The undertaking must keep separate books of account 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. Ferani Hotels Pvt. Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment 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. [F. No. 178/78/2010-ITA-I] SURABHI SHARMA, Under ..... X X X X Extracts X X X X X X X X Extracts X X X X
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