For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. SIPCOT Ltd., Chennai notified

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....motion) vide number S.O. 193(E), dated the 30th Match, 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. State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT), having registered office at 19-A, Rukmani Lakshmipathy Road, Post Box No. 7223, Egmore, Chennai 600 003, is developing a Growth Centre at Oragadam Growth Centre, Sriperurmpudur Taluk, District Kancheepuram, Tamil Nadu: And whereas the Central Government has approved the said Growth Center vide Ministry of Commerce and Industry Letter No....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 89 894 - Architectural and engineering and other technical consultancy activities. E 8 89 895 - Technical testing and analysis services.   (v) Percentage of allocable area earmarked for Industrial use : 99%   (vi) Percentage of allocable area earmarked for commercial use : 01%   (vii) Minimum number of industrial units : 30 Units   (viii) Total investments proposed (Amount in Rupees) : 11,38,00,000/-   (ix) Investment on built up space for Industrial use (Amount in Rupees) : Nil   (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees)....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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 Growth Centre. 7. M/s. SIPCOT Limited, Chennai, shall continue to operate the Growth Centre 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 Growth Centre 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 a....