TaxTMI 
TaxTMI 
Industrial Park at Mewar Industrial Area (Extn.), operated by M/s. Rajasthan State Industrial Development and Investment Corporation Limited, Jaipur, notified for the purposes of section 80-IA(4)(iii) of the Income-tax Act, 1961
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....x Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, 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. 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 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. Rajasthan State Industrial Development and Investment Corporation Limited, having registered office at Udyog Bhawan, Tilak Marg, Jaipur-302005 is developing an In....
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....74% (vii) Minimum number of industrial units : 85 Units (viii) Total investments proposed (Amount in Rupees) : 515.00 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) : 515.00 lakhs (xi) Proposed date of commencement of the Industrial Park : January, 2006 2. The minimum investment on infrastructure development in an Industrial Park shall not be less than 50% of the total project cost. In the case of an Industrial Park which provides built-up space for industrial use, the minimum expenditure on infrastructure development including cost of construction of industrial space, sha....
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.... 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 80IA of the Income Tax Act, 1961. 9. The approval will be invalid and M/s. Rajasthan State Industrial Development and Investment Corporation Limited, 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 indust....