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

Full Text of the Document

X X   X X   Extracts   X X   X X

....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. I93(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 an Industrial Park at Industrial Area Rampura Mewatiyan, Beawar-III, District-Ajmer, Rajasthan; And whereas the Central....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (vi) Percentage of allocable area earmarked for commercial use : 2.13%   (vii) Minimum number of industrial units : 59 Units   (viii) Total investments proposed (Amount in Rupees) : 246.10 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) : 119.10 lakhs   (xi) Proposed date of commencement of the Industrial Park : 01-04-2001 2. The minimum investment on infrastructure development in this Industrial Park shall not be less than 48.39% of the total project cost as this case....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Industrial Development &. Investment Corporation Limited, Jaipur, 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. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, shall be solely responsible for any repercussions of su....