TaxTMI 
TaxTMI 
For the purpose of Section 80IA(4)(iii) - Industrial Part M/s. Kirloskar Systems Limited, Bangalore notified
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....O. 193(E), 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. Kirloskar Systems Limited, Embassy Star, 8, Palace Road, Vasanthnagar, Bangalore-560 052 is developing an Industrial Park, at Kirloskar Business Park, Survey No. 52, 54,Hebbal Farm Post, Kasaba Hobli, Bangalore; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/154/2005-IP&ID dated 19-04-2006 subject to the terms and conditions mentioned in the annexure to ....
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.... (viii) Total investments proposed (Amount in Rupees). : 10279.00 (ix) Investment on built-up space for industrial use (Amount in Rupees). : 4844.00 lakhs (x) Investment on infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 8700.00 (xi) Proposed date of commencement of the Industrial Park : 31-03-2006 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 space for industrial use, the minimum expenditure on infrastructure development including cost of construction of industrial space, shall not be less than 60% of the total project cost.....
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....ear 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 80-IA of the Income-tax Act, 1961. 9. The approval will be invalid and M/s. Kirloskar Systems Limited, Bangalore 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 is for the location of the industrial park for which approval has been accorded in the name of another undertaking. 10. In case M/s. Kirloskar Systems Limited, Bang....