Industrial park notification under section 80-IA grants conditional tax benefits subject to compliance, investment and operational obligations. The Central Government notifies M/s. Magrath Properties Pvt. Ltd. as an industrial park for purposes of clause (iii) of sub section (4) of Section 80 IA, subject to annexed terms: specified location, permitted activities, allocable industrial and commercial area, minimum units and commencement date, and investment thresholds. Key conditions require minimum infrastructure expenditure proportions, limits on single unit occupancy, necessary statutory approvals including for foreign investment, operation by the notified developer during benefit period, tax benefits only after prescribed units are located, and invalidation or withdrawal of approval for misinformation, undisclosed material facts, unauthorized amendments, or non compliance.