TaxTMI 
TaxTMI 
For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. SIPCOT Ltd., Chennai notified
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....h 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. 15/76/2005 IP & ID dated 3-8-2006 (amended vide ....
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.... : 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) : 11,38,00,000/ (xi) Proposed date of commencement of the Growth Centre : 31.03.2006 2. The minimum investment on infrastructure development in a Growth Centre shall not be less than 50% of the total project cost. In the case of a Growth Centre which provides built-up space for industrial use, the minimum expenditure on inf....
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....t, 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 approval will be invalid and M/s. SIPCOT Limited, Chennai, 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/misinformation or some material information has not been provided in it. (ii) it is for the location of the growth centre for which approval has already ....