For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Gopalan Enterprises (India) Private Limited, Bangalore notified

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stry (Department of Industrial Policy and Promotion) vide number S.O.193(E), dated the 30 th March, 1999, for the period beginning on the 1 st day of April, 1997 and ending on the 31 st day of March, 2002 and vide number S.O. 354(E) dated the 1 st day of April, 2002, for the period beginning on the 1 st day of April, 1997 and ending on the 31 st day of March, 2006; And whereas M/s. Gopalan Enterprises (India) Private Limited, No.5, Richmond Road, Bangalore-560 025, is developing an Industrial Park at Khata No. 458, Sy. No. 133 of Kundalahalli, Mahadevapura, Bangalore; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/07/04-IP ID dated 22.4.2004 (as modif .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ommercial use : Nil (vii) Minimum number of industrial units : 4 Units (viii) Total investments proposed (Amount in Rupees) : 11.75 crores (ix) Investment on built up space for Industrial use (Amount in Rupees) : 7.78 crores (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 10.28 crores (xi) Proposed date of commencement of the Industrial Park : 31.3.2005 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. In the case of an Industrial Park which provides b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng the period in which the benefits under clause (iii) of sub-section (4) of section 80IA of the Income-tax Act, 1961 are to be availed. 8. In case the commencement of the Industrial Park is delayed by more than one year from the date indicated in Para l(xi) of this notification, fresh approval will be required under the Industrial Park Scheme, 2002, for availing benefits under sub-section 4(iii) of Section 80IA of the Income-tax Act, 1961. 9. The approval will be invalid and M/s. Gopalan Enterprises (India) Private Limited, Bangalore, shall be solely responsible for any repercussions of such invalidity, if (i) the application on the basis of which the approval is accorded by the Central Government contains wrong information/misinform .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X