For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Safina Towers Private Limited, Bangalore notified

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....(Department of Industrial Policy and Promotion) vide number S.O.193(E), dated 30th March, 1999, for the period beginning on the 1stday of April, 1997 and ending on 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 31st day of March, 2006; And whereas M/s. Safina Towers Private Limited, 3, Ali Asker Road. Bangalore-560 052, is developing an Industrial Park at Plot No. 3, Ali Asker Road, Taluka- Bangalore Urban District, Bangalore, Karnataka; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/14/2006-1 P&ID, dated 26-7-2006 subject to the terms and conditions m....

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....ble area earmarked for Industrial use : 90.16% (vi) Percentage of allocable area earmarked for commercial use : 09.84% (vii) Minimum number of industrial units : 03 units (viii) Total investments proposed (Amount in Rupees) : 40 crores (ix) Investment on built-up space for Industrial use (Amount in Rupees) : 21 crores (x) Investment on Infrastructure Development including investment on built-up space for industrial use (Amount in Rupees) : 36.75 crores (xi) Proposed date of commencement of the Industrial Park : March, 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 Industri....

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....l 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 Para1(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. Safina Towers Private 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/mi....