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Notification No. 47/2019 [F. No. 178/47/2017-ITA-I]/SO 2007(E)

 Notice Date : 20 June 2019


(Department of Revenue)



New Delhi, the 20th June, 2019


S.O. 2007(E).—Whereas the Central Government in exercise of the powers conferred by clause (iii) of subsection (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, by the notifications of the Government of India in the Ministry of Commerce and Industry (Department of Industrial Policy and Promotion) 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. Magrath Properties Pvt. Ltd. having its registered office at First Floor, Embassy Point, 150, Infantry Road, Bangalore-560001 has developed an industrial park located at Survey No. 13/2, Challaghata Village, Varthur Hobli, Bangalore, Karnataka- 560001.

         And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and Industry letter No. 15/177/2005-IP&ID dated 25-07-2006.

       Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act, the Central Government hereby notifies the undertaking, being developed and being maintained and operated by M/s. Magrath Properties Pvt. Ltd., as an industrial park for the purposes of the said clause (iii) subject to the terms and conditions mentioned in the annexure of the notification.

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