M/s. Ascendas IT Park (Chennai) Ltd. Notified as an industrial park for the purposes of Section 80-IA(4)

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....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. Ascendas IT Park (Chennai) Ltd. having its registered office at 1st Floor, Pinnacle Building, International Tech Park, CSIR Road, Taramani., Chennai- 600 113 has developed an industrial park located at Survey No. TS 8/2, Block No.9, Kanagam Village, Mambalam Guindy Taluk, Survey No. TS 1/6, Block NO.7, Thiruvanmiyur Village, Mylapore Triplicane, Chennai, Tamil Nadu-600 113. And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/19/2006-ID-II dated 15-03-2016. Now, therefore, in exercise of the powers c....

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....se (Amount in Rupees) : ₹ 105 crores (x) Investment on Infrastructure Development including investment on built up space for industrial use (Amount in Rupees) : ₹ 118 crores (xi) Proposed date of commencement of the Industrial Park : 16-08-2005 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, shall not be less than 60% of the total project cost. 3. Infrastructure development shall include, roads (including approach roads), water supply and sewerage,....

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....g 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. Ascendas IT Park (Chennai) Ltd., 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 for which approval has already been accorded in the name of another undertaking. 10. In case M/s. Ascendas IT Park (Chennai) Ltd., transfers the operation and maintenance of the industrial park (i.e., transferor undertaking) to another undertaking (i.e., the transferee un....