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TMI BlogFor the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... ent of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide Number S.O. 193(E), dated the 30th March, 1999, for the period beginning on the 1stday of April, 1997 and ending of the 31stday on 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. Rajasthan State Industrial Development Investment Corporation Limited, having registered office at Udyog Bhawan, Tilak Marg, Jaipur-302 005 is developing an Industrial Park at industrial Area Bhawani Mandi, Jhalawar, Rajasthan-326 001; And whereas the Central Government has approved the said Industrial Park vi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 96.9% ( vi ) Percentage of allocable area earmarked for commercial use : 3.0% ( vii ) Minimum number of industrial units : 155 Units ( viii ) Total investments proposed (Amount in Rupees) : 61.89 lakhs ( ix ) Investment on built up space for Industrial use (Amount in Rupees) : Nil ( x ) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 59.40 lakhs ( xi ) Proposed date of commencement of the Industrial Park : 31-3-2006 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt Investment Corporation Limited, Jaipur, 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. Rajasthan State Industrial Development Investment Corporation Limited, Jaipur, shall be solely responsible for any repercussions of such invalidity, if ( i ) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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