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of <h1>Private Industrial Park in Bangalore Approved Under Section 80IA(4)(iii) for Tax Benefits and Investment Opportunities</h1> The Central Government has notified the industrial park developed by a private company in Bangalore under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located at Pri Tech Park, Bellandur, spans over 524,406.68 sq. ft., with 95% allocated for industrial use and 5% for commercial use. The project involves a total investment of approximately 60.5 crore INR, with significant funds allocated for infrastructure. The park must meet specific criteria, including a minimum number of industrial units and investment thresholds. Compliance with all conditions is mandatory to retain approval and tax benefits. Any transfer or amendments require government approval.
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