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of <h1>Central Government Approves Dynamic Constructions for Industrial Park Development Under Section 80IA(4)(iii) of Income-tax Act 1961</h1> The Central Government has notified M/s. Dynamic Constructions Private Limited, Hyderabad, for developing an industrial park under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Secunderabad, Andhra Pradesh, spans 24,297.50 square feet, with 90.60% allocated for industrial use. The project involves a minimum of three industrial units with a total investment of 3.20 crores INR. Infrastructure development must constitute at least 50% of the project cost. The park must commence by April 2005, with specific conditions for tax benefits and compliance. Approval is contingent on adherence to the Industrial Park Scheme, 2002.
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