TMI BlogDeduction u/s 80-IA - Notifies M/s. India Land and Properties Pvt. Ltd. having its registered address at Plot No. 14, 3rd Main Road, Ambattur Industrial Estate, Chennai, has developed an Industrial Park at Indian Land Tech Park Tower AB and Tower C At Survey No. 195 part, 196 part, 197 part, 198 part, 199 part and 200 part of Mannurpet Village and 6 part, 7 part, 8 part and 10 part, of Athipet Village, Village Mannurpet and Athipet, Taluka Ambattur, District Thiruvallur, Tamil NaduX X X X Extracts X X X X X X X X Extracts X X X X ..... ication No. 48/2012 DATED 6-11-2012 S.O.2686 (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 framed and notified a scheme for industrial park, by the notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) vide number S.O. 51(E), dated the 8th January, 2008 and amended vide number S.O. 1605 (E) dated 2nd July, 2008. 2. And whereas M/s. India Land and Properties Pvt. Ltd. having its registered address at Plot No. 14, 3rd Main Road, Ambattur Industrial Estate, Chennai-600058 has developed an Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Properties Pvt. Ltd., Chennai (ii) Location : Plot No. 14, 3rd Main Road, Ambattur Industrial Estate, Chennai-600058 (iii) Minimum Constructed Floor Area : 163052.08 Square Meters (iv) Proposed industrial activities : As defined in Industrial Park (Amendment) Scheme, 2010 (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 : 33 Units (viii) Date of commencement of the Indu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the notification is issued 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 which notification has already been issued in the name of another undertaking. 10. The undertaking shall furnish an annual report to the Central Board of Direct Taxes in Form IPS-II. 11. The conditions mentioned in this notification as well as those included in the Industrial Park (Amendment) Scheme, 2010 should be adhered to during the period for which benefits under this scheme are to be availed. The Central Government may withdraw the above approval in case the undertaking, fails to comply with any of the conditions. 12. Any ..... X X X X Extracts X X X X X X X X Extracts X X X X
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