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of <h1>Central Government Approves Tax Benefits for Navi Mumbai's Platinum Techno Park IT Park under Section 80-IA</h1> The Central Government has notified an industrial park project, 'Platinum Techno Park IT Park,' developed by a company in Navi Mumbai under section 80-IA of the Income-tax Act, 1961. The notification outlines conditions for tax deductions, including a minimum constructed area of 15,000 square meters, a minimum of 52 industrial units, and specific allocations for industrial and commercial use. Tax benefits are contingent upon meeting these conditions and maintaining compliance with the Industrial Park Scheme, 2008. The company must keep separate accounts and file annual reports. Non-compliance or misinformation may invalidate the notification.
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