Approval for setting up of an industrial park by the International Tech Park, Bangalore u/s 80-IA

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..... conferred by clause ( iii ) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as said Act), has framed and notified a scheme for industrial park, by the notification of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) number S.O. 1201(E), dated the 1st December, 1999 [(2000) 158 CTR .....

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..... The terms and conditions on which the approval of Government of India has been accorded for setting up of an industrial park by the International Tech Park, Bangalore. 1. ( i ) Name of the Promoter/ Industrial Information Technology Park Undertaking Limited ( ii ) Proposed location Address : International Tech Park, Whitefield Road Distt. : Bangalore State : Karnataka Pin Code : 560 066 .....

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..... l not be less than 66 per cent 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, the allocable area will .....

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..... 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 per cent of the total cost. 6. Infrastructure development shall include expenditure on common facilities like roads (including approach roads), water supply and sewerage, common effluent treatmen .....

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..... ield Road, Bangalore shall continue to operate the industrial park during the period in which the benefits under section 80-IA of the Income-tax Act are to be availed. 10. The Central Government may withdraw the above approval in case the Information Technology Park Limited, International Tech Park, Whitefield Road, Bangalore fail to comply with any of the conditions stated above. 11. Any am .....

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