9911796707
TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Finest Promoters Private Limited, New Delhi notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... dia in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O. 193(E), dated the 30th March, 1999, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2002 and vide number S.O. 354(E), dated the 1st day of April, 2002, for the period beginning on the 1st day of April, 1997 and ending on the 31st day of March, 2006; AND WHEREAS M/s. Finest Promoters Private Limited, having registered office at 52-B, Okhla Industrial Estate, Phase-III, New Delhi-110 020, is developing an Industrial Park at Khasra No. 1961/2 & 1962/1, Sector 54, Taluka - Gurgaon, District - Gurgaon, Haryana - 122001; AND WHEREAS the Central Government has approved the said Industrial Park ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Industrial use : 90.01 per cent (vi) Percentage of allocable area earmarked for commercial use : 9.99 per cent (vii) Minimum number of Industrial units : 03 Units (viii) Total investments proposed (Amount in Rupees) : 40.50 Crores (ix) Investment on built-up space for industrial use (Amount in Rupees) : 16.09 Crores (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 37.36 Crores (xi) Proposed date of commencement of the Industrial Park : March, 2006 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50 per cent of the total project cost. In the case of an Industrial Park which provides built ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in which the benefits under clause (iii) of sub-section (4) of section 80-IA 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 1(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 80-IA of the Income-tax Act, 1961. 9. The approval will be invalid and M/s. Finest Promoters Private Limited, New Delhi, 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/misinformation or some material inf ..... X X X X Extracts X X X X X X X X Extracts X X X X
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