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of <h1>Industrial Park in Mumbai Approved for Tax Benefits Under Section 80-IA of Income-tax Act 1961</h1> The Central Government has notified an industrial park project developed by a private company in Mumbai under Section 80-IA of the Income-tax Act, 1961. The park, located at Corporate Centre IT Park in Andheri, spans 14,203.08 square meters and is designated for industrial activities such as data processing, software development, and consultancy services. Ninety percent of the area is allocated for industrial use, with a minimum of 36 units required. The project involves a total investment of approximately Rs. 23.95 crore. Compliance with specified conditions is necessary to avail tax benefits, and any deviation or misinformation may invalidate the approval.
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