Industrial park notification enables specified tax benefits subject to compliance with prescribed infrastructure, unit and approval conditions. Central Government notifies M/s. BSEL Infrastructure Realty Limited's undertaking in Navi Mumbai as an industrial park for tax incentives under clause (iii) of sub section (4) of the Income tax Act, subject to annexed terms. The annexure specifies location, area, permitted activities, allocable area percentages, minimum unit count, investment and commencement date. Conditions include minimum infrastructure expenditure thresholds, defined infrastructure components, limit on single unit occupation of allocable industrial area, need for regulatory and foreign investment approvals, operation during benefit period, and consequences for delayed commencement, misinformation, failure to disclose material facts, or unauthorized amendments.