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of <h1>Central Government Approves Industrial Park in Maharashtra for Tax Benefits Under Section 80-IA(4) of Income-tax Act</h1> The Central Government has notified a private company as an industrial park under Section 80-IA(4) of the Income-tax Act, 1961. The industrial park is located in Villages Shirwal and Shindewadi, Tehsil Khandala, District Satara, Maharashtra, with a minimum constructed floor area of 15,000 square meters. It is required to allocate 90.8% of its area for industrial use and 9.2% for commercial use, with at least 44 industrial units. Tax benefits are contingent on housing a minimum of 30 units, and the park must adhere to specific conditions and maintain separate accounts. Non-compliance may lead to withdrawal of approval.
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