TMI BlogM/s. Ascendas IT Park (Chennai) Ltd. Notified as an industrial park for the purposes of Section 80-IA(4)X X X X Extracts X X X X X X X X Extracts X X X X ..... e, Central Board of Direct Taxes) vide number S.O. 51(E), dated the 8 th January, 2008 ; And whereas M/s. Ascendas IT Park (Chennai) Ltd. having its registered office at 1st Floor, Pinnacle Building, International Tech Park, CSIR Road, Taramani, Chennai 600 113 has developed an industrial park named Crest and Zenith at Plot No.9, Survey No.TS 8/1, Block No.9 Survey No.TS1/7, Block No.7, Survey No.TS 9/2 Block No.9 and Survey No.TS 1/1, Block No.7, Kanagam Village Thiruvanmiyur Village, Mambalam-Guindy Taluk/ Mylapore-Triplicane Taluka, Chennai, Tamil Nadu 600 113. Now, therefore, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . (iv) Proposed industrial activities : As defined in Industrial Park Scheme, 2008 notified by the Government of India, Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) vide notification Number. S.O. 51(E), dated the 8th January, 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rial units located in the industrial park shall undertake only those activities as specified in Industrial Park Scheme, 2008 mentioned above. 9. The undertaking shall keep separate books of accounts for the industrial park and shall file its income tax returns by the due date before the Income-tax Department. 10. This notification shall be invalid, if- (i) the application on the basis of which the approval is accorded by the Central Government contains wrong information or misinformation or some material information has not been provided in it; (ii) it is for the location of the industrial park for which approval has already been accorded in the name of another undertaking, and M/s. Ascendas IT Park (Chennai) Ltd. shall be so ..... X X X X Extracts X X X X X X X X Extracts X X X X
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