TaxTMI 
TaxTMI 
For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Hiranandani Builders, Mumbai notified
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....dated the 30th March, 1999, for the period beginning on the 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. Hiranandani Builders, 514, Dalamal Towers, 211, Nariman Point, Mumbai-400021 has developed an Industrial Park, namely, Hiranandani Builders Industrial Park at CTS No. 22 pt., 23 pt., 27 pt., 28 pt., 29 pt., 30 pt., of Village Powai and 11 pt. of Village Chandivli, Mumbai, Maharashtra-400076; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/32/04-IP&1D dated 15-2-2005....
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....llocable area proposed for industrial use : 90.69% (vi) Percentage of land earmarked for commercial use. : 9.31% (vii) Minimum number of industrial units : 5 Units (viii) Total investments proposed (Amount in Rupees) : 30,22,97,189.93 (ix) Investment on built-up space for Industrial use (Amount in Rupees). : 26,04,12,659.00 (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 29,73,76,711.00 (xi) Proposed date of commencementIndustrial park : 31st May, 2003 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. In the case of an Industrial Park which provides built-up spac....
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....se (iii) of sub-section (4) of section 80IA 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 801A of the Income Tax Act, 1961. 9. The approval will be invalid and M/s. Hiranandani Builders, Mumbai, shall be solely responsible for any repercussions of such invalidity, if (i) the application on the basis of which the approval is accorded by the Central Government contains wrong information/misinformation or some material information has not been provided in it. (ii) it i....