For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Tech Park-1, Pune notified

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... h, 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 lst 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. Tech Park-1, G-3, Phoenix, Bund Garden Road, Pune, Maharashtra-411001, is developing an Industrial Park at Survey No. 191, A/2A/1/2, CTS No. 2175, Airport Road, Yerwada, Pune, Pin-411 006; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/52/2005-IP&ID dated 13.4.2006 subject to the terms and conditions mentioned in the annexure to this notification; Now, therefore, in exercise of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Industrial use (Amount in Rupees) : 78.99 crores (x) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 116.26 crores (xi) Proposed date of commencement of the Industrial Park : July, 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 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 sewera .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cheme, 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. Tech Park-1, Pune, 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 accorded in the name of another undertaking. 10. In case M/s. Tech Park-1, Pune, transfers the operation and maintenance of the industrial park (i.e., transferor undertaking) to another undertaking (i.e., the transferee underta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X