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Approval of the Government of India has been accorded for setting up of an industrial park by M/s. Abhilash Software Development Centre, Bengaluru

Income Tax - 13/2018 - Dated:- 1-3-2018 - MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 13/2018 New Delhi, the 1st March, 2018 S.O. 910(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 Act ), has framed and notified a scheme for industrial park, by the notifications of the Government of India vide number S.O .....

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rce and Industry letter No. 15(1)/2003-IP &ID dated 08.08.2003. And whereas the Central Government has also subsequently approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/61/2005-IP&ID dated 13.04.2006. And whereas the Central Government cancelled the above approval granted vide Ministry of Commerce and Industry letter No. 15/61/2005-IP&ID-II dated 08.03.2013. And whereas the Hon ble High Court of Karnataka by its order dated 18.11.2015 in writ pe .....

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iled by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry. Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80IA of the said Act and in pursuance of directions of Hon ble High Court of Karnataka in the order dated 18.11.2015 in writ petition no. 13172 of 2013 and subject to the outcome of Writ appeal no. 3298 of 2016 filed by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry in .....

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Software Development Centre. (ii) Proposed location : Plot No. 96 & 104 P2, E.P.I.P. Industrial Area, Whitefield, Bengaluru- 560066. (iii) Proposed Area of Industrial Park : 17,000 Sq. Mtrs. (iv) Proposed activities : Software supply services. (v) Percentage of allocable area earmarked for Industrial use : 90.00% (vi) Percentage of allocable area earmarked for commercial use : 10.00% (vii) Minimum number of industrial units : 3 Units (viii) Total investments proposed (Amount in Rupees) : Rs. .....

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up space for industrial use, the minimum expenditure on infrastructure development including cost of construction of industrial 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 an .....

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of Industrial Policy and Promotion, Ministry of Commerce and Industry in the Hon ble High Court of Karnataka. 5. Necessary approvals, including that for foreign direct investment or non-resident Indian investment by the Foreign Investment Promotion Board or Reserve Bank of India or any authority specified under any law for the time being in force, shall be taken separately as per the policy and procedures in force. 6. The tax benefits under the Act can be availed of only after the number of unit .....

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