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TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part M/s. K. Raheja IT Park (Hyderabad) Private Limited, Mumbai notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... 'Policy and Promotion) vide S.O. No. 193(E), dated the 30th March, 1999, for the period beginning on the 1stday of April, 1997 and ending on the 31st day of March, 2002 and vide S.O. No. 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. K. Raheja IT Park (Hyderabad) Private Limited, Construction House-A, 24th Road, Khar (W), Mumbai-400 052, is developing an Industrial Park at Mindspace Cyberabad, Survey No. 64 (Part), APIIC Software Layout, Next to VSNL Building, Hitech City, Madhapur, Hyderabad, Andhra Pradesh-500 081; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry let ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... other technical consultancy activities G 8 89 895 - Technical testing and analysis services (v) Percentage of allocable area earmarked for industrial use : 90% (vi) Percentage of allocable area earmarked for commercial use. : 10% (vii) Minimum number of industrial units : : 30 Units (viii) Total investments proposed (Amount in Rupees) : 314crores (ix) Investment on built up space for Industrial use (Amount in Rupees). : 275.49 crores (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 293.37 crores (xi) Proposed date of commencement of the Industrial Park : 31-1-2006 2. The minimum investment on infrastructure development in an Industrial Par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Raheja IT Park (Hyderabad) Private Limited, 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. K. Raheja IT Park (Hyderabad) Private Limited, shall be solely responsible for any repercussions of such invalidity, if (i) the application on the basis of which t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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