Section 80-IA(4)(iii) of the Income-tax Act, 1961 - Deductions - In respect of profits and gains from industrial undertakings, etc., in certain cases - Notified undertaking which develops, operates and maintains an industrial park - Kolte Patil Developers Ltd. notified u/s 80-IA(4)(iii)

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....ome-tax Act, 1961 - Deductions - In respect of profits and gains from industrial undertakings, etc., in certain cases - Notified undertaking which develops, operates and maintains an industrial park - Kolte Patil Developers Ltd. notified u/s 80-IA(4)(iii) Notification No. 10/2010 F.No. 178/63/2009-ITA-I, Dated: 19-2-2010 Whereas the Central Government in exercise of the powers conferred by c....

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....conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act read with Rule 18C of the Income Tax Rules, 1962, the Central Government hereby notifies M/s. Kolte Patil Developers Limited, Pune as an undertaking and the project at Survey No. 198/1B, Lohgaon, Pune, Taluka Haveli, Districti Pune, Maharashtra [(Project Giga Space), (Building Alpha-1, Alpha-2, Beta-1, Beta-2, Gamma & De....

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....k Scheme, 2008 (v) Percentage of allocable area earmarked for Industrial use: 75% or more (vi) Percentage of allocable area earmarked for commercial use: 10% or less (vii) Minimum number of industrial units: 30 Units (viii) Date of commencement of the Industrial Park: 09.05.2007 2. The Industrial Park shall be construed as developed on the date of commencement certificate from the local aut....

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..... 7. The Industrial units shall undertake only those activities as specified in Industrial Park Scheme, 2008. 8. The undertaking must keep separate books of accounts for the industrial park and must file its income tax returns by the due date to the Income-tax department. 9. The notification will be invalid and M/s. Kolte Patil Developers Limited shall be solely responsible for any repercussi....