Industrial park recognition under Section 80IA enables tax benefits when specified infrastructure, unit thresholds and compliance requirements are satisfied. Notification declares the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an industrial park for the purposes of Section 80-IA(4)(iii), subject to annexed conditions specifying location, area, allocable industrial and commercial percentages, minimum number of units, and investment and infrastructure thresholds. Tax benefits depend on occupation by the prescribed minimum units and continued operation by the notifying undertaking; approvals for foreign investment must be obtained separately. The approval is conditional and may be invalidated for misinformation, undisclosed material facts, unauthorized plan amendments, delay beyond the specified commencement period, or non compliance, and transfers of operation require joint intimation and documentation.