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TMI BlogM/s. Devraj Infrastructures Ltd. Notified as an industrial park for the purposes of Section 80-IA(4)X X X X Extracts X X X X X X X X Extracts X X X X ..... the powers conferred by clause (iii) of subsection (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, by the notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) vide number S.O. 51 (E), dated the 8th January, 2008; And whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in the Annexure to this notification. ANNEXURE The terms and conditions on which the approval of the Government of India has been accorded for setting up of an industrial park by Devraj Infrastructures Ltd. (i) Name of the industrial undertaking : Devraj Infrastructures Ltd. (ii) Location : Survey numbers: 99 to 102, 108, 112 to 116, 118 to 124, 126, 127 & 129 of Village Piplaj and Su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The industrial park should be owned by one undertaking. 4. The tax benefits under the Income-tax Act, 1961 shall be available to the undertaking only if minimum number of thirty industrial units are located in the industrial park and for the purpose of computing the minimum number of industrial units, all units of a person and his associated enterprises shall be treated as a single unit. 5. No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n this notification. 8. The industrial units located in the industrial park shall undertake only those activities as specified in Industrial Park Scheme, 2008 mentioned above. 9. The undertaking shall keep separate books of accounts for the industrial park and shall file its income tax returns by the due date before the Income-tax Department. 10. This notification shall be invalid, if- (i) the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scheme are to be availed and in case the undertaking, fails to comply with any of the conditions, the Central Government may withdraw the aforesaid approval. 13. Any amendment of the project plan without the approval of the Central Government or detection of such amendment in future, or failure on the part of the undertaking to disclose any material fact, shall invalidate the approval of the indu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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