TMI BlogDeductions - In Respect Of Profits And Gains From Industrial Undertakings, Or Enterprises Engaged In Infrastructure DevelopmentX X X X Extracts X X X X X X X X Extracts X X X X ..... g 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 31st day of March, 2006; And whereas M/s. iLABS Hyderabad Technology Centre Private Ltd. having its registered office at iLABS Centre, Building No. 3, Plot No. 18, Software Units Layout, Madhapur, Hyderabad-500 081, is developing an Industrial Park at Plot No. 18, Software Units Layout Town/Tehsil-Madhapur, District-Hyderabad, AP-500 081; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/37/2006-ID-II dated 03-03-2009 subject to the terms and conditions mentioned therein as subsequently amended vide Ministry of Commerce and Industry letter No. 15/37/20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oup Class A 7 75 - - Communication services B 8 89 892 - Data processing, software development and computer consultancy services C 8 89 893 - Business and management consultancy activities D 8 89 894 - Architectural and engineering and other technical consultancy activities E 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al space, shall not be less than 60% of the total project cost. 3. Infrastructure development shall include, roads (including approach roads), water supply and sewerage, common effluent treatment facility, telecom network, generation and distribution of power, air-conditioning and such other facilities as are for common use for industrial activity which are identifiable and are provided on commercial terms. 4. No single unit referred to in column (2) of the Table given in sub-paragraph (b) of paragraph 6 of S.O. 354(E) dated the 1st April, 2002, shall occupy more than fifty per cent of the allocable industrial area of an Industrial Park. For this purpose a unit means any separate and distinct entity for the purpose of one and more ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l has already been accorded in the name of another undertaking. 10. In case M/s iLABS Hyderabad Technology Centre Pvt. Ltd., Hyderabad, transfers the operation and maintenance of the industrial park (i.e., transferor undertaking) to another undertaking (i.e., the transferee undertaking), the transferor and transferee shall jointly intimate to the Entrepreneurial Assistance Unit of the Secretariat for Industrial Assistance, Department of Industrial Policy and Promotion, Udyog Bhawan, New Delhi-11 along with a copy of the agreement executed between the transferor and transferee undertaking for the aforesaid transfer. 11. The conditions mentioned in this notification as well as those included in the Industrial Park Scheme, 2002 shoul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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