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

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ustrial Policy and Promotion) vide number S.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 l^5' 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, Rangareddy District Hyderabad, Andhra Pradesh-500 082, is developing an Industrial Park at "ORION", Plot No. 17, Software Units Layout, Madhapur, Serilingampally Municipality, Hyderabad, District-Ranga Reddy, Andhra Pradesh-500 082; And whereas the Central Government has approved the said Industria....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ocessing 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} : 3473 lakhs   (ix) Investment on built up space for Industrial use (Amount in Rupees) : 2382 lakhs   (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : 3473 lakhs   (xi) Proposed date of commencement of the Industrial Park : 15-07-2004 2. The minimum investmen....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 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 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. VITP Private Limited, Hyderabad, shall be solely responsible for any repercussions of such inva....