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[Notification No. 111/2022/F. No. 370142/32/2022-TPL] [Notification No. 49/2022/F.No.370142/6/2022-TPL]

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the  19th  March, 2019

S.O. 1396(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 Act), has framed and notified a scheme for industrial park, by the notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) vide number S.O. 51(E), dated the 8th January, 2008;

And whereas M/s Intime Properties Limited (the “Company”), having its registered address at plot No C-30, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai 400051 has developed an Industrial Park at Building No. 5B, 6 and 9 at Survey No. 64(part), Madhapur, Hyderabad, Distt. Rangareddy, Andhra Pradesh;

And whereas the Central Government in exercise of powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act, read with rule 18C of the Income-tax Rules, 1962, notified the undertaking vide S.O. 1647(E) dated 11th May, 2012;

Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the said Act, read with rule 18C of the Income-tax Rules, 1962, the Central Government hereby substitutes clause(s) in item (1) with clauses in item (2) as below:

(1)(2)
And  whereas  M/s.  Intime  Properties  Private  Limited.,And  whereas  M/s.  Intime  Properties  Private  Limited.,
Mumbai  having  its  registered  address  at  Plot  No.  C-30,Mumbai  having  its  registered  address  at  Plot  No.  C-30,
Block-G. Bandra-Kurla Complex, Bandra (East), MumbaiBlock-G. Bandra-Kurla Complex, Bandra (East), Mumbai
400051  has  developed  an  Industrial  Park  at  Building400051  has  developed  an  Industrial  Park  at  Building
No.  5B,  6  and  9  at  Survey  No.64(part),  Madhapur,No.   5B   and   9   at   Survey   No.64(part),   Madhapur,
Hyderabad, Distt. Rangareddy, Andhra Pradesh.Hyderabad, Distt. Rangareddy, Andhra Pradesh.

 3

Now,  therefore,  in  exercise  of  the  powers  conferred  byNow,  therefore,  in  exercise  of  the  powers  conferred  by
clause (iii) of sub-section (4) of section 80-IA of the saidclause (iii) of sub-section (4) of section 80-IA of the said
Act read with Rule 18C of the Income Tax Rules, 1962,Act read with Rule 18C of the Income Tax Rules, 1962,
the  Central  Government   hereby  notifies   M/s.   Intimethe  Central  Government  hereby  notifies  M/s.  Intime
Properties Private Limited., Mumbai as an undertaking andProperties Private Limited., Mumbai as an undertaking and
the  project  at  Building  No.  5B,  6  and  9  at  Surveythe   project   at   Building   No.   5B   and   9   at   Survey
No.  64(part),  Madhapur,  Hyderabad,  Distt.  Rangareddy,No.  64(part),  Madhapur,  Hyderabad,  Distt.  Rangareddy,
Andhra Pradesh being developed and being maintained andAndhra Pradesh being developed and being maintained and
operated by the said undertaking, as an industrial park foroperated by the said undertaking, as an industrial park for
the purposes of the said clause (iii) subject to the followingthe purposes of the said clause (iii) subject to the following
terms and conditions:-terms and conditions:-

This substitution shall be deemed to have been applied for the assessment Year 2018-19 and subsequent assessment years.

[Notification No.  23/2019/F. No. 178/30/2017-ITA-I]

RAJARAJESWARI R., Under Secy.

Note : Principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number, S.O. 1647(E), dated 11th May, 2012.

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