Industrial park recognition under tax benefit provision requires compliance for conditional tax incentives to apply. The Central Government notifies M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Bhilwara undertaking as an industrial park for clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified area and allocable percentages, minimum 76 industrial units, minimum infrastructure expenditure thresholds (50% of project cost or 60% where built-up industrial space is provided), defined infrastructure components, unit occupancy limits, statutory approvals, and continued operation by the notifying undertaking. Benefits are conditional on meeting these requirements; delays, misinformation, undisclosed material facts, unauthorized amendments, transfers without intimation, or non-compliance may invalidate or lead to withdrawal of approval.