Profits and gains from industrial infrastructure undertakings, etc., purpose of Section 80-IA of the Income-tax Act, 1961

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, vide notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) number S.O. 51(E), dated the 8th January, 2008;....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....an industrial park for the purposes of the said clause. 2. The date of commencement of the aforesaid Industrial Park is 28th March, 2008. 3. The notification will be invalid and M/s. Infinity Infotech Parks Limited shall be solely responsible for any repercussions of such invalidity, if - (i) the application and subsequent document furnished by it, on the basis of which the notification is issu....