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of <h1>Govt Approves Hyderabad Industrial Park for Tax Benefits Under Section 80-IA, Requires Compliance with Specific Conditions</h1> The Central Government, under section 80-IA of the Income-tax Act, 1961, has notified an industrial park developed by a private company in Hyderabad, subject to specific terms and conditions. The park, located in Madhapur, Hyderabad, covers an area of 97.226 meters and includes activities such as communication services, software development, and consultancy services. It earmarks 90.09% for industrial use and 9.91% for commercial use, with a minimum of five industrial units. The total proposed investment is Rs. 10,465 lakhs. Compliance with infrastructure and investment criteria is mandatory for tax benefits under the Act. Approval may be invalidated if conditions are unmet or misinformation is provided.
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