Section 80-IA - Eligible projects or schemes - Industrial Park at Corporate Centre IT Park, Corporate Centre. CTS No. 271, Village Kondivite, Andheri (E) - Mumbai

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.... in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) number S.O.193(E), dated the 30" 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. Krishna Developers Private Limited having its registered office at 508, Gundecha Chamber, Nagindas Master Road, Fort, Mumbai- 400023, is developing an Industrial Park at Corporate Centre IT Park, Corporate Centre. CTS No. 271, Village Kondivite, Andheri (E), Mumbai - 400059; And whereas the Central Government has approved the said Indust....

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....and computer based systems (v) Percentage of allocable area earmarked for industrial use . : ninety per cent. (vi) Percentage of allocable area earmarked for commercial use : ten per cent. (vii) Minimum number of industrial units : thirty six Units (viii) Total investments proposed (Amount in Rupees) : Rs. 23,95,00,000/- (ix) Investment on built up space for industrial use (Amount in Rupees) : Rs. 14,00,00,000/- (x) Investment on infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : Rs. 18,39,16,310/- (xi) Proposed date of commencement of the industrial Park : 22-01-2004 2. The minimum investment on infrastructure development in an Industrial Park shall ....

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....in the Industrial Park. 7. M/s. Krishna Developers Private Limited, Mumbai. 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 paragraph 1, sub-paragraph (xi) of this notification, fresh approval will be required under the Industrial Park Scheme, 2002 or any other Industrial Park Scheme as may be applicable, for availing benefits under clause (iii) of sub-section 4 of section 80-IA of the Income-tax Act, 1961. 9. The approval will be invalid and M/s. Krishna Developers Private Limited, Mumbai. s....