For the purpose of Section 80IA(4)(iii) - Industrial Part M/s. Magarpatta Township Development and Construction Company Limited, Pune notified

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....of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide S.O. No. 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 S.O. No. 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. Magarpatta Township Development and Construction Company Limited, Megaspace, 13 Sholapur Bazar Road, Off East Street, Pune-411 001, is developing an Industrial Park at Cybercity Magarpatta, 143, Magarpatta City, Hadapsar, Pune-411 028, Maharashtra; And whereas the Central Government has approved the said Industrial Park vid....

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....Percentage of allocable area earmarked for commercial use. : Nil (vii) Minimum number of industrial units : : 12 Units (viii) Total investments proposed (Amount in Rupees) : 199.54 crores (ix) Investment on built-up space for Industrial use (Amount in Rupees). : 61.35 crores (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 123.74 crores (xi) Proposed date of commencement of the Industrial Park : Tower 1 15^th December, 2003 Tower II August, 2004 Tower III December, 2004 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. In ....

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.... and Construction Company Limited, 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 80-IA of the Income-tax Act, 1961. 9. The approval will be invalid and M/s. Magarpatta Township Development and Construction Company Limited, shall be solely responsible for any repercussions of such invalidity, if (i) the applicatio....