TMI BlogU/s. 80-IA of the IT Act, 1961 - Deductions - Profits and gains from industrial infrastructure undertakings, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Government of India vide number S.O. 50 (E), dated the 8th January, 2008 subsequently amended vide Notification No. S.O. 1605 (E), dated 2nd July, 2008 and vide Notification S.O. No. 1210(E), dated 21.5.2010. And whereas M/s Dosti Corporation (Pinnacle) having its registered office at Lawrence Mayo House, 1st Floor, 276, Dr. D.N. Road, Fort, Mumbai is developing an Industrial Park named Dosti Pinnacle placed at Plot No.E-7, MIDC, Road No.22, Wagle Industrial Area, Panchpakhdi, Thane (West), Maharashtra. Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act, the Central Government hereby notifies the undertaking from the date of commencement i.e. 29-3- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... viii ) Date of commencement : 29-3-2011 2. The Industrial Park shall be construed as developed on the date of commencement i.e. 29-3-2011 as mentioned in the Certificate furnished by the undertaking and issued by the Maharashtra Industrial Development Corporation, Thane. 3. The Industrial Park should be owned by one undertaking. 4. The tax benefits under the Act will be available to the undertaking only after minimum number of thirty industrial units are located in the Industrial Park. For the purpose of computing the minimum number of industrial units, all units of a person and his associated enterprises will be treated as a single unit. 5. No industrial unit, alongwith the units of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 11. The undertaking shall furnish an annual report to the Central Board of Direct Taxes in Form IPS-II. 12. The conditions mentioned in this notification as well as those included in the Industrial Park Scheme, 2008 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. 13. 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. 178/06/2011-ITA-I] (DEEPSHIKHA SHARMA) Director t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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