Industrial park tax benefit approved under tax law, subject to compliance, statutory approvals and operational conditions. The Central Government notifies M/s. Velankani Information Systems Private Limited's undertaking as an industrial park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location, area, activity mix, minimum unit count and investment estimates. Approval requires meeting minimum infrastructure investment proportions (including built-up industrial space), provision of common facilities on commercial terms, a cap on single-unit occupancy of allocable industrial area, obtaining requisite statutory clearances, and compliance with the Industrial Park Scheme, 2002; failure to comply or nondisclosure invalidates approval.