Whereas the Central Government in 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

Last updated: 09 September 2020

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This notification from the Ministry of Finance details a scheme for industrial parks under Section 80-IA of the Income Tax Act, 1961. It references a previous notification from April 1, 2002, which covered the period from April 1, 1997, to March 31, 2006. The notice specifically mentions M/s Softzone Tech Park Ltd. in Bangalore as developing an industrial park at a particular location.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 8th September, 2020

INCOME TAX S.O. 3035(E).—Whereas the Central Government in 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 Commerce and Industry (Department of Industrial Policy and Promotion), 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 Softzone Tech Park Ltd. situated at Survey No.80/1, 81/1, 81/2, Bellandur village, Varthur Hobli, Bangalore – 560037 is developing an Industrial Park at Survey No.80/1, 81/1, 81/2, Bellandur village, Varthur Hobli, Bangalore – 560037;

Please refer to attached file for details.

FAQ :

This notification is about a scheme for industrial parks under Section 80-IA of the Income Tax Act, 1961, as framed by the Central Government.

The relevant section is 80-IA, specifically clause (iii) of sub-section (4) of Section 80-IA of the Income-tax Act, 1961.

The earlier scheme, notified on April 1, 2002, covered the period beginning on April 1, 1997, and ending on March 31, 2006.

M/s Softzone Tech Park Ltd. is specifically mentioned as developing an Industrial Park.

The industrial park is being developed at Survey No.80/1, 81/1, 81/2, Bellandur village, Varthur Hobli, Bangalore – 560037.

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Notification No : [Notification No. 72 /2020/F. No.178/111/2009-ITA-1
Published in Income Tax
Source : http://egazette.nic.in/WriteReadData/2020/221603.pdf

Attached File : 322600_9607_221603.pdf

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