9911796707
TMI BlogSection 80-IA of the Income-tax Act, 1961 - Deductions - Profits and gains from industrial infrastructure undertakings, etc. - Notified undertakings.X X X X Extracts X X X X X X X X Extracts X X X X ..... he 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. Prasad Technology Park Private Limited having its registered office at #2/10, 3rd Floor, 80 Feet Road, Poojari Layout, RMV, 2nd stage, Bangalore-560094, is developing an Industrial Park at Plot No. 97, E.P.I.P. Industrial Area, Whitefield, Bangalore, Karnataka-560 066; AND WHEREAS the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/62/2005-ID-II dated 13-4-2006 subject to the terms and conditions mentioned therein; NOW, THEREFORE, in ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... locable area earmarked for commercial use : 5.00% (vii) Minimum number of industrial units : 03 Units (viii) Total investments proposed (Amount in Rupees) : Rs. 10,52,24,434/- (ix) Investment on built up space for Industrial use (Amount in Rupees) : Rs. 8,26,67,565/- (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : Rs. 10,52,24,434/- (xi) Proposed date of commencement of the Industrial Park : 30.11.2005 2. Necessary approvals, including that for foreign direct investment or non-resident Indian investment by the Foreign Investment Promotion Board or Reserve Bank of India or any authority specified under any law for the time being in force, shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to the Entrepreneurial Assistance Unit of the Secretariat for Industrial Assistance, Department of Industrial Policy and Promotion, Udyog Bhawan, New Delhi-11 along with a copy of the agreement executed between the transferor and transferee undertaking for the aforesaid transfer. 8. The conditions mentioned in this notification as well as those included in the Industrial Park Scheme, 2002 should be adhered to during the period for which benefits under this scheme are to be availed. The Central Government may withdraw the above approval in case M/s. Prasad Technology Park Pvt. Ltd., Bangalore, fails to comply with any of the conditions. 9. Any amendment of the project plan without the approval of the Central Government or detection in fu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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