Industrial Park designation requires specified units, infrastructure thresholds and compliance before tax benefits become available. Central Government notifies the Rajasthan State Industrial Development & Investment Corporation Limited's Growth Centre Palsana as an Industrial Park under clause (iii) of sub section (4) of section 80 IA. Approval specifies site area, industrial and commercial allocable percentages, minimum number of units, investment and infrastructure commitments, and a commencement date. Eligibility for tax benefits requires meeting the minimum unit threshold and infrastructure expenditure minima (50% of project cost or 60% where built up industrial space is provided). Conditions include a single unit occupancy cap, requirement for separate statutory approvals, operator continuity, transfer notification, and invalidation/withdrawal for misinformation, undisclosed material facts, unauthorised plan amendments or non compliance.