Tax exemption approval for a software technology park is subject to statutory compliance and audit requirements. Approval is granted for tax exemption of the Software Technology Park at Chennai operated by M/s. Tidel Park Limited as an industrial park, subject to mandatory compliance with the governing tax provision and procedural rule, adherence to annexure terms of a prior notification, maintenance of prescribed books of account, conduct of audits, and furnishing of the audit report; the Central Government may withdraw approval for cessation of infrastructure services or failure to comply with accounting and audit requirements.