For the purpose of Section 80IA(4)(iii) - Industrial Park of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur notified
X X X X Extracts X X X X
X X X X Extracts X X X X
....ifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) vide number S.O. 193(E), dated the 30^th March, 1999, for the period beginning on the 1^st day of April, 1997 and ending on the 31^st day of March, 2002 and vide number S.O. 354(E) dated the 1^st day of April, 2002, for the period beginning on the 1^st day of April, 1997 and ending on the 31^st day of March, 2006; And whereas M/s. Rajasthan State industrial Development & Investment Corporation Limited, having registered office at Udyog Bhawan, Tilak Marg, Jaipur-302005 is developing a Growth Center at Industrial Area Growth Center Village -Mawal, Vasda, Abu Road, District - Sirohi, Rajasthan - 307 026; And whe....
X X X X Extracts X X X X
X X X X Extracts X X X X
....trial use : 65.27% (vi) Percentage of allocable area earmarked for commercial use : 9.80% (vii) Minimum number of industrial units : 11 Units (viii) Total investments proposed (Amount in Rupees) : 3267.56 lakhs (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) : 2476.27 lakhs (xi) Proposed date of commencement of the Industrial Park : 31.03.2006 2. The minimum investment on infrastructure development in a Growth Center shall not be less than 50% of the to....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Investment Corporation Limited, Jaipur, shall continue to operate the Growth Center 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 Center 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 80-1A of the Income Tax Act, 1961. 9) The approval will be invalid and M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, shall be solely responsible for any repercussions of such invalidity, if i) the app....
TaxTMI