Notified a scheme for industrial park u/s 80-IA

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ending on the 31st day of March, 2002. And whereas, Western India Kinfra Limited, Palakkad, having its registered office at Kinfra House, TC No. 14/1026, Vallayambalam, Trivandrum-695 010, has developed, maintains and operates an industrial park which is defined as an infrastructural 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 subsection (4) of section 80-IA of the said Act, the Central Government hereby notifies an undertaking developed and being maintained and operated by Western India Kinfra Ltd., as an .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ommercial 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 mean the net floor area which is available for allocation and will exclude the built-up space used for locating common facilities like air-conditioning and other, telecommunications, installations, etc. 3. Industrial use shall include any activity defined in the National Industrial Classifi- cation 1987 code except the following codes : Section 0 Section 1 Section 5 Section 7 excluding division 75 Section 8 excluding Group 892, 893, 894, 895 Section 9 Section X Section XI 4. The percentage .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... alakkad, Kerala, shall continue to operate the industrial park during the period in which the benefits under section 80-JA of the Income-tax Act are to be availed. 10. The Central Government may withdraw the above approval in case the Western India Kinfra Ltd., Palakkad, Kerala,' fail to comply with any of the conditions stated above. 11. Any amendment of the project plan without the approval of the Central Government or detection in future, or failure on the part of the applicant to disclose any material fact, will invalidate the approval of the industrial park. [Notification No. 1129/F. No. 178/19/2000-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TM .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X