TaxTMI 
TaxTMI 
Deductions - In Respect Of Profits And Gains From Industrial Undertakings, Or Enterprises Engaged In Infrastructure Development
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....1997 and ending on the 31st day of March 2002 and vide number S.O.354(E) dated the 31st day of March, 2006; And whereas M/s. iLABS Hyderabad Technology Centre Private Ltd. having its registered office at iLABS Centre, Building No. 3, Plot No. 18, Software Units Layout, Madhapur, Hyderabad-500 081, is developing an Industrial Park at Plot No. 18, Software Units Layout Town/Tehsil-Madhapur, District-Hyderabad, AP-500 081; And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/37/2006-ID-II dated 03-03-2009 subject to the terms and conditions mentioned therein as subsequently amended vide Ministry of Commerce and Industry letter No. 15/37/2006-ID-II dated 10.4.2012; Now,....
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....ocable area earmarked for commercial use : 9.91% (vii) Minimum number of industrial units : 05 Units (viii) Total investments proposed (Amount in Rupees) : Rs.10,465 Lakhs (ix) Investment on built up space for Industrial use (Amount in Rupees) : Rs. 5,181 Lakhs (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : Rs. 10,000 Lakhs (xi) Proposed date of commencement of the Industrial Park : March 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 infrastruc....
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....ection 80-IA of the Income-tax Act, 1961 are to be availed. 8. In case the Industrial Park did not commence by 31-3-2006, fresh approval will be required under the Industrial Park Scheme, 2008 subject to the applicability under that Scheme 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 iLABS Hyderabad Technology Centre Pvt. Ltd., Hyderabad, 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 industrial park ....