TMI BlogM/s. Devraj Infrastructures 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 ..... Central Board of Direct Taxes) vide number S.O. 51 (E), dated the 8th January, 2008; And whereas M/s Devraj Infrastructures Ltd, having its industrial park at the village Piplaj Opp. Vrundavan Farm, Tehsil City Distt. Ahmedabad, Gujarat 382405 (survey numbers : 99 to 102, 108, 112 to 116, 118 to 124, 126, 127 129 of Village Piplaj and Survey nos. 774, 776, 778, 780 to 784, 786 789 to 792 of village Lambha). 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 Rules, 1962 , the Central Government hereby notifies the undertaking from the date of commencement of the industrial park the 5th September, 2010 being developed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or less. (vii) Minimum number of industrial units : 30 units. (viii) Date of commencement : 5th September, 2010. 2. The industrial park shall be construed as developed on the date of its commencement that is, the 5th September, 2010. 3. The industrial park should be owned by one undertaking. 4. The tax benefits under the Income-tax Act, 1961 shall be available to the undertaking only if minimum number of thirty industrial units are located in the industrial park and for the purpose of computing the minimum number of industrial units, all units of a person and his associated enterpr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... trial park for which approval has already been accorded in the name of another undertaking, and Devraj Infrastructures Ltd. shall be solely responsible for any repercussions of such invalidity. 11. The undertaking shall furnish an annual report to the Central Board of Direct Taxes in Form IPS-II as provided in the Industrial Park Scheme, 2008 mentioned above. 12. The terms and conditions mentioned in this notification as well as those included in the aforesaid Industrial Park Scheme, 2008 should be adhered to during the period for which benefits under the said scheme are to be availed and in case the undertaking, fails to comply with any of the conditions, the Central Government may withdraw the aforesaid approval. 13. Any a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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