TaxTMI 
TaxTMI 
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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....ereinafter 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 Industrial Park at Plot No. 76, Dodda Thogur, Electronic ....
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....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 (Amount in Rupees) : 64.16 Crores (ix) Investment on built up space for industrial use (Amount in Rupees) : 45.35 Crores (x) Investment on Infrastructure Development including investment On built up space for industrial use (Amount in Rup....
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....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 commencement of the Industrial Park is delayed by more than one year from the date indicated in Para 1 (xi) of this notification, fresh approval will be required under the Industrial Park Scheme, 2002, for availing benefits under sub-section 4(iii) of section 80IA of the Income-tax Act, 1961. 9. The approval will be inv....