For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Somu Properties Private Limited, Bangalore notified

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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. Somu Properties Private Limited, Money Terrace, 100, K.H. Road, (Double Road), Bangalore-560 027, is developing an Industrial Park at Salarpuria Ascent, 77, Koramangala, District - Bangalore, Karnataka - 560 037; AND WHEREAS the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/22/2006-IP ID, dated 25-7-2006 subject t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ctivities. D 8 89 895 - Technical testing and analysis services. ( v ) Percentage of allocable area earmarked for industrial use : 100.00% ( vi ) Percentage of allocable area earmarked for commercial use : NIL ( vii ) Minimum number of industrial units : 03 units ( viii ) Total investments proposed (Amount in Rupees) : 20.84 crores ( ix ) Investment on built-up space for Industrial use (Amount in Rupees). : 3.72 crores ( x ) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 14.64 crores .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e tax benefits under the Act can be availed of only after the number of units indicated in Para 1 ( vii ) of this Notification, are located in the Industrial Park. 7. M/s. Somu Properties Private Limited, Bangalore, 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X