Section 80-IA(4)(iii) of the Income-tax Act, 1961 - Deductions - In respect of profits and gains from industrial undertakings, etc., in certain cases - Notified undertaking which develops, operates and maintains an industrial park

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....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 notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O. 193(E), dated the 30th March, 1999, for the period beginning on the 1stday 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. Cyber Park Development & Construction Limited, having registered office at 19, Kumara Krupa Road, Bangalore-560 001, is developing an Industria....

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....cture of apparatus for radio broadcasting, television transmission, radar apparatus and radio-remote control apparatus and apparatus for radio/line telephony and line telegraphy. B 8 89 892   Data processing, software development and computer consultancy services. C 8 89 893   Business and management consultancy activities. D 8 89 894   Architectural and engineering and other technical consultancy activities. (v) Percentage of allocate area earmarked for industrial use : 96.54% (vi) Percentage of allocate area earmarked for commercial use : 3.46% (vii) Minimum number of industrial units : 7 units (viii) Total investments proposed (....

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....als, 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 be taken separately as per the policy and procedures in force. 6. The tax benefits under the Act can be availed of only after the number of units indicated in Para 1 (vii) of this Notification, are located in the Industrial Park. 7. M/s. Cyber Park Development & Construction Limited, Bangalore, shall continue to operate the Industrial Park during the period in which the benefits under clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 are to be availed. 8. In case the comme....