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of <h1>Cerebrum IT Park in Pune Gains Tax Benefits Approval Under Section 80-IA of Income-tax Act, 1961</h1> The Central Government, under Section 80-IA of the Income-tax Act, 1961, has recognized an industrial park developed by a corporation in Pune, Maharashtra, as an approved undertaking for tax benefits. The project, Cerebrum IT Park, commenced on March 31, 2010. The notification is contingent on the accuracy of information provided by the corporation and is subject to invalidation if the information is found to be incorrect or if the location has been previously notified for another undertaking. Any unapproved amendments to the project plan or failure to disclose material facts will also invalidate the approval.
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