TMI BlogApproval of the Government of India has been accorded for setting up of an industrial park by M/s Romell Real Estate Pvt. Ltd.X X X X Extracts X X X X X X X X Extracts X X X X ..... ue, Central Board of Direct Taxes) vide number S.O. 51 (E), dated the 8th January, 2008; And whereas M/s Romell Real Estate Pvt. Ltd., having its industrial park at Plot A-3, Survey Number 586/2,4,6,7 Village Pahadi Goregoan, Taluka Borivali, Mumbai, Maharashtra. 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 8th June, 2010 being developed and being maintained and operated by M/s Romell Real Estate Pvt. Ltd., for the purposes of the said clause (iii) subject to the terms and conditions mentione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8th June 2010 2. The industrial park shall be construed as developed on the date of its commencement that is, the 8th June, 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 enterprises shall be treated as a single unit. 5. No industrial unit, along with the units of an associated enterprise, shall occupy more than twenty five per cent of the allocable area. 6. The tax benefits under the Income-ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall 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 amendment of the project plan without the approval of the Central Government or detection of such amendment in future, or failure on the part of the undertaking to disclose any material fact, shall invalidate the approval of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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