Industrial Park operated by M/s. Bagmane Developers Private Limited notified for the purposes of section 80-IA(4)(iii) of the Income-tax Act, 1961
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....of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide S.O. 354(E) dated the 1^st April, 2002, for the period beginning on the 1 t day of April, 1997 and ending on the 31^st day of March, 2006; And whereas M/s. Bagmane Developers Private Limited having its registered office at No.7/2, LangfordGardens, Bangalore-560 025, has developed, maintains and operates an industrial park; And whereas the Central Government has approved the said Industrial Park subject to terms and conditions mentioned in the annexure to this notification; Now, therefore in exercise of the powers conferred by clause (iii) of subsection (4) of section 80 IA of the said Act, the Central Government ....
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.... land earmarked for commercial use : 05% (vii) Proposed number of industrial units : 35units (viii) Total investments proposed (Amount of Rupees) Rs. 220.0 crore (ix) Investment on built up space for industrial use (Amount of Rupees) : Rs. 120.0 crore (x) Investment on Infrastructure Development including Investment on built up space for industrial use (Amount in Rupees) : Rs. 220.0 crore 2. The minimum percentage of the area to be allocated for industrial use shall not be less than sixty-six percent of the total allocable area. 3. Industrial use shall include any activity defined in the National Industrial Classification 1987, code is....
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