SECTION 80-IA(4)(III) OF THE INCOME-TAX ACT, 1961 - DEDUCTIONS - IN RESPECT OF PROFITS AND GAINS FROM INDUSTRIAL UNDERTAKINGS, ETC., IN CERTAIN CASES - NOTIFIED Industrial Part of M/s. Hiranandani Builders, Mumbai

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....of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O.193(F), 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. VITP Private Limited, Plot No. 17, Software Units Layout, Serilingampally Municipality, Ranga Reddy District, Hyderabad, Andhra Pradesh 500 082, is developing an Industrial Park ....

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.... software development and computer consultancy. B 8 89 892 892.1 Computer Consultancy Services. C 8 89 892 892.2 Software supply services. D 8 89 892 892.3 Data processing services.   (v) Percentage of allocable area earmarked for Industrial use : 90%   (vi) Percentage of allocable area earmarked for commercial use : 10%   (vii) Minimum number of industrial units : 4 Units   (viii) Total investments proposed  (Amount in Rupees) : 2869 lakhs   (ix) Investment on built up space for Industrial use (Amount in Rupees) : 2433 lakhs   (x) Investment on Infrastructure Developmen....

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....any law for the time being in force, shall be taken separately as per the policy and procedures in force. 6. The tax benefits under the Act can be availed of only after the number of units indicated in Para 1 (vii) of this Notification, are located in the Industrial Park. 7. M/s. VITP Private Limited, Hyderabad, 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 avai....