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TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. India Land Infrastructure Development Private Limited, Mumbai notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... artment 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. India Land Infrastructure Development Private Limited, Mumbai, having registered office at Ground Floor, Cultural Centre of Russia, 31/A, Dr. Gopal Rao Deshmukh Marg, Mumbai 400 026, has developed an Industrial Park, namely Panchshil IT Park at Survey No. 238/3A, 3B, 4&5, Village, Hadsapsar, Talika, Haveli, District, Pune, Maharashtra; And whereas the Central Government has a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ical consultancy activities. E 8 89 895 -- Technical testing and analysis services. (v) Percentage of allocable area earmarked for industrial use : 90.00% (vi) Percentage of allocable area earmarked for commercial use. : 10.00% (vii) Minimum number of industrial units : 3 Units (viii) Total investments proposed (Amount in Rupees) : 30.00 crores (ix) Investment on built up space for Industrial use (Amount in Rupees). : 20.00 crores (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 28.00 crores (xi) Proposed date of commencement of the Industrial Park : December, 2005 2. The minimum investment on infrastructure development in an Indust ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India Land Infrastructure Development Private Limited, Mumbai, shall continue to operate the Industrial Park during the period 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. India Land Infrastructure Development Private Limited, Mumbai, shall be solely responsible for any repercussions of such invalidity, if (i) the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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