Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc. – Notified undertakings
Notification No. 81/2010 [F.No.178/29/2009-ITA.1], dated 26-10-2010
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, by the notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) published in the Gazette of India, Part-II, Section 3, sub-section (ii) vide number S.O. 51(E), dated the 8th January, 2008 and amended vide number S.O. 1605(E), dated the 2nd July, 2008, for the period beginning on the 1st day of April, 2006 and ending on the 31st day of March, 2009;
AND WHEREAS, M/s. Noida Cyber Park Private Limited, having its registered address at 18, Rouse Avenue, Kotla Lane, New Delhi – 110002, had developed an Industrial Park at Plot Nos. C-28 and C-29, Sector-62, Noida, Gautam Budh Nagar, Uttar Pradesh – 201 301;
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, and subject to the provisions of Industrial Park Scheme, 2008, the Central Government hereby notifies M/s. Nodia Cyber Park Private Limited, New Delhi, as an undertaking and the project at C-28 and C-29, Sector-62, Noida, Gautam Budh Nagar, Uttar Pradesh – 201 301, being developed and being maintained and operated by the said undertaking, as an industrial park for the purposes of the said clause.
2. The aforesaid Industrial Park shall be deemed to have been developed on and from the 11th June, 2010.
3. This notification shall not be applicable if it is for a location of the Industrial Park for which notification has already been issued in the name of any other undertaking.
4. No amendment of the project plan shall be made without the approval of the Central Government.
