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of <h1>Central Govt. Notifies Scheme for 750-Acre Industrial Park under Section 80-IA, Ensures Compliance for Tax Benefits</h1> The Central Government has notified a scheme under section 80-IA of the Income-tax Act, 1961, for an industrial park developed by a company in Palakkad, Kerala. The park spans 750 acres, with 66.67% allocated for industrial use and 10% for commercial use. It will host 330 industrial units with a total investment of 58.0142 crores INR. Infrastructure development costs are set at 41.1738 crores INR. The park must adhere to specific conditions, including maintaining a minimum industrial use area and ensuring no single unit occupies more than 50% of the industrial area. Non-compliance may lead to withdrawal of approval.
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