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TMI BlogSection 80-IA(4)(iii) - Eligible projects or schemes - Industrial Park Scheme, 2008X X X X Extracts X X X X X X X X Extracts X X X X ..... 11th October, 2010 S.O.2520(E).- Whereas the Central Government in exercise of the powers 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 the said Act ), has framed and notified a scheme for industrial park, vide notification of the Government of India in the Ministry of Finance (Department of Revenue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing, (Building No 7), Survey No. CS No. 2/142, Opp. Peninsula Corporate Park Off, Ganpatrao, Kadam Marg, Lower Parel (West), Mumbai 400013, being developed and maintained and operated by the said undertaking, as an industrial park for the purposes of the said clause (iii) subject to the terms and conditions mentioned in the Schedule appended to this notification. The terms and conditions on whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... use(maximum) 10%; (vii) Minimum number of industrial units proposed 30 Units; (viii) Date of commencement of the Industrial Park 01.02.2010; 2. The Industrial Park shall be construed as developed on the date of commencement certificate from the local authority which is the 1st February, 2010. 3. The industrial park should be owned by only one undertaking. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... undertake oily those activities as specified in Industrial Park Scheme, 2008 . 8. The undertaking must keep separate books of accounts for the industrial park and must file its income tax returns by the due dote to the Income-tax department. 9. The notification shall be invalid and M/s. Marathon Nextgen Realty Limited shall be solely responsible for any repercussions of such invalidity, if - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... approval in case the undertaking, fails to comply with any of these conditions. 12. 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, shall invalidate the approval of the industrial park. [F. No.178/100/2008-ITA-I] RAMAN CHOPRA, Director (ITA-I - Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X
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