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of <h1>Govt Approves Industrial Park Scheme Under Section 80-IA, Ensures Compliance and Foreign Investment Approvals</h1> The Central Government, under section 80-IA of the Income-tax Act, 1961, has notified a scheme for an industrial park developed by a company in Palakkad, Kerala. The park, spanning 750 acres, is designated for industrial activities with 66.67% of the area allocated for such use and 10% for commercial purposes. The project involves an investment of 58.0142 crores, with 41.1738 crores dedicated to infrastructure development. The approval stipulates compliance with specific conditions, including maintaining the industrial use area and securing necessary foreign investment approvals. Non-compliance may result in withdrawal of approval.
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