9911796707
TMI BlogIndustrial Park operated by M/s. Indian Express Multimedia Limited, New Delhi, notified for the purposes of section 80-IA(4)(iii) of the Income-tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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. Indian Express Multimedia Limited, having registered office at 17, Hemkunt Colony, Opposite Nehru Place, New Delhi-110 048, is developing an Industrial Park at Plot No. 15 & 16, Sector 16-A, Noida, District -Noida, Uttar Pradesh-201 301; AND WHEREAS the Central Government has approved the said Industrial Park vide Ministry of Comm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Percentage of allocable area earmarked for commercial use : 10.00% (vii) Minimum number of industrial units : 04Units (viii) Total investments proposed (Amount in Rupees) : 43.00 Crores (ix) Investment on built-up space for Industrial use (Amount in Rupees). : 28.72 Crores (x) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 37.50 Crores (xi) Proposed date of commencement of the Industrial Park : April 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 80IA 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 l(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. Indian Express Multimedia Limited, New Delhi, 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 locati ..... X X X X Extracts X X X X X X X X Extracts X X X X
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