Executive Summary:
This notification, issued by the Central Board of Direct Taxes, designates Ms. Abhilash Software Development Centre's industrial park in Bengaluru as an approved industrial park under Section 80IA(4)(iii) of the Income-tax Act, 1961, subject to specific terms and conditions and the outcome of Writ Appeal No. 3298 of 2016. The approval follows a High Court order quashing a prior cancellation. The notification outlines investment requirements, operational conditions, and potential invalidation scenarios.
Key Points / Main Content:
* **Industrial Park Designation:**
* Ms. Abhilash Software Development Centre's industrial park at Plot No. 96 104 P2, E.P.I.P. Area, Whitefield, Bengaluru 560066 is approved.
* The approval is subject to the outcome of Writ Appeal No. 3298 of 2016.
* **Location and Area:**
* The proposed location is Plot No. 96 104 P2, E.P.I.P. Industrial Area, Whitefield, Bengaluru 560066.
* The proposed area of the Industrial Park is 17,000 Sq. Mtrs.
* **Investment and Activities:**
* Proposed activities include software supply services.
* 90% of the allocable area is earmarked for industrial use, and 10% for commercial use.
* Minimum number of industrial units: 3
* Total proposed investment: Rs. 29,50,00,000.
* Investment on built-up space for industrial use: Rs. 9,55,95,000.
* Investment on infrastructure development: Rs. 29,50,00,000.
* **Conditions for Approval:**
* Minimum investment on infrastructure development must be at least 50% of the total project cost, or 60% if built-up space is provided.
* No single unit can occupy more than 50% of the allocable industrial area. Compliance is subject to Writ Appeal No. 3298 of 2016.
* Necessary approvals for foreign direct investment or nonresident Indian investment must be obtained separately.
* Tax benefits are available only after the minimum number of units are located in the Industrial Park.
* Ms. Abhilash Software Development Centre must continuously operate the Industrial Park to avail benefits under Section 80IA(4)(iii) of the Income-tax Act, 1961.
* If the Industrial Park did not commence by 31.03.2006, fresh approval is required under the Industrial Park Scheme, 2008.
* **Invalidation of Approval:**
* The approval is invalid if the application contains wrong information or omits material information.
* The approval is invalid if it is for a location already approved for another undertaking.
* **Transfer of Operation:**
* In case of transfer of operation and maintenance, both transferor and transferee must jointly inform the Entrepreneurial Assistance Unit.
* **Compliance and Withdrawal:**
* Conditions in the notification and the Industrial Park Scheme, 2002 must be adhered to.
* The Central Government may withdraw approval for non-compliance.
* **Amendments:**
* Any amendment of the project plan without Central Government approval will invalidate the approval.
* **Commencement Date:**
* Proposed date of commencement of the Industrial Park: 31.10.2005
Impact Analysis:
* **Ms. Abhilash Software Development Centre:**
* *Impact:* Designated as an approved industrial park, enabling potential tax benefits under Section 80IA(4)(iii) of the Income-tax Act, 1961, but subject to conditions and the outcome of Writ Appeal No. 3298 of 2016.
* *Action Required:* Comply with all terms and conditions outlined in the notification and the Industrial Park Scheme, 2002, and await the outcome of Writ Appeal No. 3298 of 2016.
Key Entities Referenced
Income-tax Act, 1961: The primary legislation under which the industrial park scheme and related tax benefits are governed. Mentioned as 'the Act'.
Central Board of Direct Taxes: A division of the Department of Revenue in the Ministry of Finance, responsible for direct tax related policies and regulations.
Ministry of Finance: The government ministry responsible for financial matters, including revenue and taxation.
Ms Abhilash Software Development Centre, Bengaluru, Karnataka: The company developing, maintaining, and operating the industrial park in Bengaluru, Karnataka. The main subject of the notification.
Industrial Park Scheme, 2002: The government scheme, outlined in notification S.O. 354E, dated April 1, 2002, that provides guidelines and incentives for establishing industrial parks.
Department of Industrial Policy and Promotion: A department, now known as the Department for Promotion of Industry and Internal Trade (DPIIT), responsible for policies related to industrial development.
High Court of Karnataka: The state high court that issued orders related to the cancellation and subsequent reinstatement of the industrial park's approval.
S.O. 354E: Notification number related to the Industrial Park Scheme, 2002
REGD. NO. D. L.-33004/99
EXTRAORDINARY
II— — (ii)
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
806]
No. 806] NEW DELHI, THURSDAY, MARCH 1, 2018/PHALGUNA 10, 1939
वित्त ं्त रालय
(ररालजस्ि विाराल )
(केंद्री प्रत् क्षकरबोर्)ड
अविसचू नराल
नईदिल्यी,1 ंरालचड,2018
कराल.आ.910(अ).—जहरालतदककेंद्रसरकरालरने आ करअविवन ं,1961(1961कराल43)(एतवमंनपश्चरालत्वजसे
“अविवन ं”सेसतिर्ाडतदक राल रालह)ै कीिरालरराल80-Iककीउपिरालरराल(4)केउपिरालक् (iii)केतहतप्रित्तशवि ोंकरालप्र ो
करतेहुएारालरतसरकरालरकीअविसूचनराल,कराल.आ.354(अ)दिनरालतक01.04.2002केद्वरालरराल01.04.1997सेप्ररालरम्ाहोने िरालयी
और31.03.2006कोसंरालप्तहोनेिरालयीअिविकेवयएइतर्वस्ि यपरालकडकेवयएएक ोजनरालतै रालरकीहैऔरइसेअविसूवचत
दक रालह;ै
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रोर्,आरएंिी,िसू ररालस्तर,बें यरुु –560094ह,ैनेएकइतर्वस्ि यपरालकडविकवसतदक रालहै जोदकप्यॉट96और104
पी2,ईपीआईपीक्षे्,व्हरालइटफील्र्,बें यरुु -560066ंेंअिवस्ितह।ै
औरजहरालतदककेंद्रसरकरालरने हिरालविज् एितउद्यो ंत्रालय केप्सतख् राल15(1)/2003-आईपीएतर्आईर्ीदिनरालतक
08.08.2003केद्वरालररालउिइतर्वस्ि यपरालकडकोअनुंोदितकरदि रालहै।
और जहरालत दक तत्प मचरालत् केंद्र सरकरालर ने ह िरालविज् एित उद्यो ंत्रालय के प् सतख् राल 15/61/2005-
आईपीएतर्आईर्ीदिनरालतक13.04.2006केद्वरालररालउिइतर्वस्ि यपरालकडकोाीअनुंोदितकरदि रालहै।
औरजहरालत दककेंद्रसरकरालरनेिरालविज् एितउद्यो ंत्रालय केप्सतख् राल15/61/2005-आईपीएतर्आईर्ी-IIदिनरालतक
08.03.2013केजररएदिए एअनुंोिनकोरद्दकरदि रालिराल।
औरजहरालतदककनरालडटकउच्च् राल रालय ने2013कीररट रालवचकरालसत.13172ंेंदिनरालतक18.11.2015केअपने
आिेशंेंदिनरालतक08.03.2013केउक्त संरालवप्तआिशे कोअंराल् ोोवषतकरदि रालिराल।
1198 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
औरजहरालतदक2013कीररट रालवचकरालसत.13172ंेंंरालननी कनरालडटकउच्च् राल रालय केआिेशकेविरुध
र्ीआईपीपी,औद्योव कनीवतएितसतििडनविाराल ने 2016कीररटअपीयसतख् राल3298िराल रकीह।ै
औरजहरालतदकंरालननी कनरालडटकउच्च् राल रालय केवनिेशोंकेअनुपरालयनंें अविकरालरप्ररालप्तसवंवतनेदिनरालतक
08.03.2013केअनुंोिनिरालपसयेनेकेआिेशकोरद्दकरदि रालहै जोऔद्योव कनीवतएितसतििडनविाराल ,िरालविज् और
उद्यो ंत्रालय द्वरालररालिराल र2016कीररटअपीयसत.3298केपररिरालंकेअध् िीनह।ै
अतःअबउिअविवन ंकीिरालरराल80-Iककीउपिरालरराल(4)केउपिरालक् (iii)केतहतप्रित्तशवि ोंकरालप्र ो करते
हुएतिराल2013कीररट रालवचकरालसत.13172ंेंंरालननी कनरालडटकउच्च् राल रालय द्वरालररालदिनरालतक18.11.2015केआिेशंेंदिए
एवनिेशोंकेअनुसरिंेंऔरऔद्योव कनीवतएितसतििडनविाराल ,िरालविज् औरउद्यो ंत्रालय द्वरालररालंरालननी कनरालडटक
उच्च् राल रालय ंेंिराल र2016कीररटअपीयसत.3298केपररिरालंकेअध् िीन,केंद्रसरकरालरइसप्रवतष्ठरालन,वजसकरालविकरालस
औरिेखारालयतिरालसतचरालयनंसे सडअवायरालषसॉफ्टिे रर्ेियपंेंटसेंटर,बें युरुद्वरालररालदक रालजरालरहरालह,ैकोइसअविसूचनरालके
अनुबतिंेंउवल्यवखतशतोंकेअिीनउिउपिरालक् (iii)केप्र ोजनकेवयएएकइतर्वस्ि यपरालकडकेरूपंेंअविसूवचतकरतीह।ै
[अविसूचनरालसतख् राल:13/2018,फराल.सत.178/15/2011-आईटीए-I]
रोवहत ,ड वनिेशक
अनबु ित
िेशतेंवजनकेआिरालरपरारालरतसरकरालरने ंेससडअवायरालषसॉफ्टिे रर्ेियपंेंटसेंटरकोइतर्वस्ि यपरालकडस्िरालवपतकरने के
वयएअनुंोिनदि रालह।ै
1. (i) औद्योव क उपक्रंकराल नरालं : ंेससड अवायरालषसॉफ्टिे रर्ेियपंेंटसेंटर
(ii) प्रस्तरालवितअिवस्िवत : प्यॉट96 और104 पी2,ईपीआईपीऔद्योव क
क्ष्े , व्हरालइटफील्र्,बें युरु-560066
(iii) इतर्वस्ि यपरालकडकरालप्रस्तरालवितक्षे्फय : 17,000 ि डंीटर
(iv) प्रस्तरालवितदक्र रालकयरालप : सॉफ्टिे रआपूर्तडसेिरालएत
(v) औद्योव कप्र ो केवयएविवनर्िष्टड आितटनी क्षे्करालप्रवतशत : 90.00%
(vi) िरालविवज् कप्र ो केवयएआिटत नी क्षे्करालप्रवतशत : 10.00%
(vii) औद्योव कइकरालइ ोंकी् नू तंसतख् राल : 03 इकरालई
(viii) प्रस्तरालवितकुयवनिेश(ररालवशरु. ं)ें : 29,50,00,000रुपए
(ix) औद्योव कप्र ो केवयएदकए एवनंरालडिंेंवनिेश(ररालवशरु.ं)ें : 9,55,95,000रुपए
(x) अिसतरचनरालत्ंकविकरालस, वजसंेंऔद्योव कप्र ो केवयएदकए : 29,50,00,000रुपए
एवनंरालडिंेंदक राल रालवनिशे ाीशरालवंयहै, ंेंवनिेश
(ररालवशरु. ं)ें
(xi) इतर्वस्ि यपरालकडकेचरालयूहोनेकीप्रस्तरालविततरालरीख : 31.10.2005
2. दकसीइतर्वस्ि यपरालकडंेंअिसतरचनरालत्ंकविकरालसपरदक रालजरालनेिरालयराल् ूनतंवनिेशकुयपरर ोजनरालयराल तके50
प्रवतशतसेकंनहींहो राल।ऐसेइतर्वस्ि यपरालकडकेंरालंयेंेंवजनंेंदकऔद्योव कप्र ो केवयएवनंरालडिहुआहै,
अिसतरचनरालत्ंकविकरालसपरदक रालजरालनेिरालयराल् ूनतंखचडवजसंेंदकऔद्योव कज हकेवनंरालडिपरआनेिरालयीयराल त
ाीशरालवंयह,ै कुयपरर ोजनरालयराल तके60 प्रवतशतसेकंनहींहो राल।
3. अिसतरचनरालत्ंकविकरालसंेंशरालवंयह-ैं सड़क(सतपकडंराल डसंेत), जयआपूर्तड औरवसिरेज, कॉंनएफ्युएतटिीटंेंट
फैवसवयटी, िरू सतचरालरनेटिकड, विद्युतउत्परालिनऔरवितरि, ए रकतवर्शननत औरअ् सुवििरालएँजोदकऔद्योव क
दक्र रालकयरालपंें सरालंराल् रूपसे प्र ो कीजरालतीहैं औरवजनकीपहचरालनकीजरालसकतीहै औरिरालविवज् किवृ ष्टसे वजनको
उपयब्िकरराल रालजरालसकतरालह।ैII (ii) 3
4. कराल.आ. 354(अ) दिनरालतक01.04.2002 केपैररालग्ररालफ6 केउपपैररालग्ररालफ(ख) ंें िी ईसरालरिीकेकरालयं(2) ंें सतिर्ाडतकोई
ाीएकयइकरालईदकसीइतर्वस्ि यपरालकडकेआबतटनी औद्योव कक्षे्के50 प्रवतशतसेज् रालिरालाराल कोनहींोेरे ी।इस
उद्देम केवयएदकसीइकरालईसेअवाप्रराल एक रालएकसेअविकररालज् रालकेंद्री करकरालनूनोंकेप्र ोजनकेवयएएकअय
औरसुस्पष्टवनकराल सेह।ै इसशतडकरालअनुपरालयन,औद्योव कनीवतएितसतििडनविाराल ,िरालविज् औरउद्यो ंत्रालय
द्वरालररालंरालननी कनरालडटकउच्च् राल रालय ंेंिराल र2016 कीररटअपीयसत. 3298 केपररिरालंकेअध् िीनह।ै
5. यराल ू नीवत ोंऔरप्रदक्र रालओंकेअनुसरालर,वििेशीवनिेशसतििनड बोर्ड रालारालरती ररजिड बैंक रालअ् कोईप्ररालविकरिजो
दकतत्सं प्रचवयतविविकेअतत तड विवनर्िष्टड हो,सेअय -अय अनुंोिन, वजसंेंदकवििेशीप्रत् क्षवनिेश राल ैर-
वनिरालसीारालरती वनिेशकेवयएाीअनुंोिनशरालवंयहै, प्ररालप्त दक रालजरालए राल।
6. इसअविवन ंकेअतत तड करसतबतिीयरालाताीवंयपरालए रालजबइसअविसूचनरालकेपैरराल1(vii) ंेंविवनर्िष्टड इकरालइ रालतइस
इतर्वस्ि यपरालकडंेंअिवस्ितहोजरालतीह।ैं
7. ंेससडअवायरालषसॉफ्टिे रर्ेियपंेंटसेंटर,बें यरुु इसइतर्वस्ि यपरालकडंें तबतककरालंकरतरालरह े रालजबतकआ कर
अविवन ं, 1961 कीिरालरराल80-IAकीउपिरालरराल(4) केउपिरालक् (iii)केअतत तड यरालावंयसके राल।
8. दिइतर्वस्ि यपरालकड31.03.2006 सेशुरूनहींहोतरालहैतोआ करअविवन ं, 1961 कीिरालरराल80-IAकीउपिरालरराल4(iii)
केअतत डतइस ोजनरालकरालयरालायेने केवयएऔद्योव कपरालकड ोजनराल, 2008 केअतत डतदफरसेअनुंोिनयने ेकीजरूरत
पड़े ी।
9. दिवनम्नवयवखतशतेंपूरीनहींहोतीहैं तोअनुंोिनअिैिहोजरालए रालऔरऐसीअिैितरालकेजोाीपररिरालंहों ेउसके
वयएकेियंेससडअवायरालषसॉफ्टिे रर्ेियपंेंटसेंटर,बें यरुु हीवजम्ंेिरालरहो राल:-
(i) िहआिेिनवजसकेआिरालरपरकेंद्रसरकरालरनेअनुंोिनदि रालहै,ंें यतसूचनराल/ जरालनकरालरीिी ईहो रालकुछ
सरालरिरालनजरालनकरालरीनिी ईहो।
(ii) हइतर्वस्ि यपरालकडकेउसस्िरालनकेवयएहै वजसकेवयएदकसीअ् प्रवतष्ठरालनकेनरालंसे पिू डंेंअनुंोिनदि राल
रालहो।
10. दिंेससडअवायरालषसॉफ्टिे रर्ेियपंेंटसेंटर,बें युरुइसइतर्वस्ि यपरालकडकेसतचरालयनऔरिेखरेखकरालकराल ड(अिरालडत्
अततररतक) दकसीअ् प्रवतष्ठरालन(अिरालडत्अततररती) कोसौंपतरालहै तोअततररतकऔरअतत ररतीिोनोंसत ुिरूपसे
औद्योव कसहराल तरालसवचिरालय , औद्योव कनीवतएितसतििनड विाराल , उद्यो ािन, नईदिल्यी-110001 केउपक्रं
सहराल तरालएकककोइसबरालतकीसूचनरालिें े औरऐसे अततरिकेवयएअततररतकऔरअततररतीकेबीचसतपन्नकररालरकीएक
प्रवताीसतयग्नकरें े।
11. इसअविसूचनरालंें उवल्यवखतशतोंकरालऔरसरालिहीऔद्योव कपरालकड ोजनराल, 2002 ंेंवनवहतशतोंकरालउसअिविंें
अनुपरालयनकरनरालजरूरीहो रालवजसअिविंेंइस ोजनरालकरालयरालावय रालजरालरहरालहो। दिंेससडअवायरालषसॉफ्टिे र
र्ेियपंेंटसेंटर,बें यरुु उप िुड ंेंसेदकसीाीशतड करालअनपु रालयननहींकरपरालतरालहै तोकेंद्रसरकरालरअपनेअऩुंोिनको
िरालपसयेसकतीह।ै
12. केंद्रसरकरालरकेअनुंोिनकेवबनरालआिेिकाविष् ंें दिइसपरर ोजनरालंें कोईसतशोिनकरतरालहै अििरालाविष् ंें
जरालनकरालरींेंआतरालहै रालदकसीसरालरिरालनतथ् कोप्रकटनहींकरतरालहै तोइसइतर्वस्ि यपरालकडकरालअनुंोिनअिैिोोवषत
करदि रालजरालए राल।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 1st March, 2018
S.O. 910(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 notifications of the Government of India 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;4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
And whereas M/s Abhilash Software Development Centre having its registered office at 10, 3rd Floor, 80ft
Road, R.M.V. 2nd Stage, Bengaluru- 560094 has developed an industrial park located at Plot No. 96 & 104 P2, E.P.I.P.
Area, Whitefield, Bengaluru- 560066.
And whereas the Central Government has approved the said Industrial Park vide Ministry of Commerce and
Industry letter No. 15(1)/2003-IP &ID dated 08.08.2003.
And whereas the Central Government has also subsequently approved the said Industrial Park vide Ministry of
Commerce and Industry letter No. 15/61/2005-IP&ID dated 13.04.2006.
And whereas the Central Government cancelled the above approval granted vide Ministry of Commerce and
Industry letter No. 15/61/2005-IP&ID-II dated 08.03.2013.
And whereas the Hon’ble High Court of Karnataka by its order dated 18.11.2015 in writ petition no. 13172 of
2013 quashed the above cancellation order dated 08.03.2013.
And whereas DIPP, Department of Industrial Policy and Promotion, has filed a Writ Appeal no. 3298 of 2016
against the order of Hon’ble High Court of Karnataka in writ petition no. 13172 of 2013.
And whereas the Empowered Committee has revoked the order for withdrawal of approval dated 08.03.2013 in
compliance to the directions of Hon’ble High Court of Karnataka subject to the outcome of Writ appeal no. 3298 of 2016
filed by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.
Now, therefore, in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80IA of the said
Act and in pursuance of directions of Hon’ble High Court of Karnataka in the order dated 18.11.2015 in writ petition no.
13172 of 2013 and subject to the outcome of Writ appeal no. 3298 of 2016 filed by the Department of Industrial Policy
and Promotion, Ministry of Commerce and Industry in the Hon’ble High Court of Karnataka, the Central Government,
hereby, notifies the undertaking, being developed and being maintained and operated by M/s Abhilash Software
Development Centre, Bengaluru, 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.
[Notification No. 13 /2018, F.No.178/15/2011-ITA-I]
ROHIT GARG, Director
ANNEXURE
The terms and conditions on which the approval of the Government of India has been accorded for setting up of an
industrial park by M/s. Abhilash Software Development Centre, Bengaluru.
1. (i) Name of the Industrial Undertaking : M/s Abhilash Software Development Centre.
(ii) Proposed location : Plot No. 96 & 104 P2, E.P.I.P. Industrial Area, Whitefield,
Bengaluru- 560066.
(iii) Proposed Area of Industrial Park : 17,000 Sq. Mtrs.
(iv) Proposed activities : Software supply services.
(v) Percentage of allocable area earmarked
: 90.00%
for Industrial use
(vi) Percentage of allocable area earmarked
: 10.00%
for commercial use
(vii) Minimum number of industrial units : 3 Units
(viii) Total investments proposed (Amount in
: Rs.29,50,00,000
Rupees)
(ix) Investment on built up space for
: Rs.9,55,95,000
Industrial use (Amount in Rupees)
(x) Investment on Infrastructure
: Rs.29,50,00,000
Development including investment onII (ii) 5
built up space for industrial use (Amount
in Rupees)
(xi) Proposed date of commencement of the
: 31-10-2005
Industrial Park
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, common
effluent treatment facility, telecom network, generation and distribution of power, air-conditioning and such other
facilities as are for common use for industrial activity which are identifiable and are provided on commercial terms.
4. No single unit referred to in column (2) of the Table given in sub-paragraph (b) of paragraph 6 of S.O. 354(E) dated
the 1st April, 2002, shall occupy more than fifty per cent of the allocable industrial area of an Industrial Park. For this
purpose a unit means any separate and distinct entity for the purpose of one and more State or Central tax laws.
Compliance to this condition is subject to the outcome of Writ appeal 3298 of 2016 filed by the Department of Industrial
Policy and Promotion, Ministry of Commerce and Industry in the Hon’ble High Court of Karnataka.
5. Necessary approvals, including that for foreign direct investment or non-resident Indian investment by the Foreign
Investment Promotion Board or Reserve Bank of India or any authority specified under any law for the time being in
force, shall be taken separately as per the policy and procedures in force.
6. The tax benefits under the Act can be availed of only after the number of units indicated in Para 1 (vii) of this
notification, are located in the Industrial Park.
7. M/s Abhilash Software Development Centre, Bengaluru, shall continue to operate the Industrial Park during the
period in which the benefits under clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 are to be
availed.
8. In case the Industrial Park did not commence by 31.03.2006, fresh approval will be required under the Industrial
Park Scheme, 2008, subject to the applicability under that Scheme for availing 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 Abhilash Software Development Centre, Bengaluru, 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 Abhilash Software Development Centre, Bengaluru, transfers the operation and maintenance of the
industrial park (i.e., transferor undertaking) to another undertaking (i.e., the transferee undertaking), the transferor and
transferee shall jointly intimate to the Entrepreneurial Assistance Unit of the Secretariat for Industrial Assistance,
Department of Industrial Policy and Promotion, Udyog Bhawan, New Delhi-110001 along with a copy of the agreement
executed between the transferor and transferee undertaking for the aforesaid transfer.
11. The conditions mentioned in this notification as well as those included in the Industrial Park Scheme, 2002 should be
adhered to during the period for which benefits under this scheme are to be availed. The Central Government may
withdraw the above approval in case M/s Abhilash Software Development Centre, Bengaluru, fails to comply with any of
the conditions.
12. Any amendment of the project plan without the approval of the Central Government or detection in future or failure
on the part of the applicant to disclose any material fact, will invalidate the approval of the industrial park.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.