9911796707
TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Coretech Realty Private Limited, Bangalore notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... ion) 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. Coretech Realty Pvt. Limited, having its Registered Office at Divyasree Chambers, Wing-A, No.l1, OShaugnessy Road, Bangalore-560 025 has developed an Industrial Park at Plot No.l, Sy. No.l43, 212, 213, 214 & 215, EPIP Industrial Area, Hoodi Village, K.R., Puram Hobli, Bangalore; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/18/05-IP&I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .92% (vii) Minimum number of industrial units : 3 Units (viii) Total investments proposed (Amount in Rupees) : 11,519.96 lakhs (ix) Investment on built up spacefor Industrial use (Amount in Rupees) : 7257.57 lakhs (x) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 10483.16 lakhs (xi) Proposed date of commencement of the Industrial Park : April, 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 built-up space for industrial use, the minimum expenditure on infrastructure development including cost of construction of indu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 willbe 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 the M/s. Coretech Realty 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/misinformation or some material information has not been provided in it. (ii) it is for the location of the industrial park for which approval has already been accord ..... X X X X Extracts X X X X X X X X Extracts X X X X
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