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TMI BlogUnder section 80IA(4)(iii) - Industrial Park of M/s. Tata Housing Development Company Limited, Mumbai notifiedX X X X Extracts X X X X X X X X Extracts X X X X ..... romotion) vide S.0.354(E), dated the 1st April, 2002 for the period beginning on the Ist day of April, 1997 and ending on the 31st day of March, 2006; And, whereas M/s. Tata Housing Development Company Limited, Mumbai, having its registered office at NELCO Complex, Mahakali Caves Road, Chakala, Andheri (East), Mumbai-400 093, has developed, maintains and operates an industrial park which is defined as an infra-structural Activity under the Income Tax Act, 1961; And, whereas, the Central Government has approved the said Industrial Park subject to certain terms and conditions mentioned in the schedule to this notification; Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ii) Total investments proposed : (Amount in rupees) 143131lacs (ix) Investment on built up space for: Industrial use (Amounts in Rupees) 13814 lacs (x) Investment on Infrastructure: Development. (Amount in Rupees) 13814 lacs 2. The minimum percentage of the area to be allocated for industrial use shall not be less than 66 percent of the total allocable area. The allocable area will mean the net area, which is available for allocation for industrial, commercial or residential purpose and will exclude such area as is used for provision of common facilities like power, telecom, roads, green belt. In case of an Industrial Park which is making available the built up space, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... use for industrial activity which are identifiable and are provided on commercial terms. 7. No single unit in any project shall occupy more than 50 percent of the allocable industrial area of an Industrial Model Town or Industrial Park. For this purpose a unit means a separate taxable entity 8. Necessary approvals including that for Foreign Direct Investment or Non-Resident Indian Investment by the Foreign Investment Promotion Board or Reserve Bank of India, shall be taken separately as per the policy and procedure in force. 9. Technopolis Knowledge Park Limited, Mumbai shall continue to operate the Industrial Park during the period in which the benefits under section 801A of the Income-tax Act are to be availed, 10. The Central Gov ..... X X X X Extracts X X X X X X X X Extracts X X X X
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