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TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. SJR Infrastructure Private Limited, Bangalore notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... omotion) vide Number S.O. 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 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. SJR Infrastructure Private Limited, No. 49, 27th Main, 1stStage, BTM Layout, Bangalore-560 068, is developing an Industrial Park, namely, 'SJR iPark' at Nos. 147; Plot No. 13, 14 & 15, EPIP Industrial Area, First Phase, Hoodi Village, K.R. Puram, Hobli, Bangalore East Taluk, Karnataka; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestment on built up space for Industrial use (Amount in Rupees). : 58,30,62,500/ (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 1,03,75,62,500 (xi) Proposed date of commencement of the Industrial Park : 30-11-2005 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 r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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. SJR Infrastructure 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 accorded in the name of another undertaking. 10. In case M/s. SJR Infrastructure Private Limited, Bangalore, transfers the operation and m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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