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of <h1>Chandigarh Industrial Park Gains Notification u/s 80IA(4)(iii) for Tax Benefits; Focus on Tech and Services Sectors.</h1> The Central Government has notified an industrial park developed by a company in Chandigarh under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located at Chandigarh Technology Park, spans 8 acres and is designated for activities including computer manufacturing, repair services, communication services, and consultancy. The project requires a minimum of four industrial units, with 66% of the area for industrial use. The total proposed investment is 138 crores INR. The park's commencement was planned for November 2004 and February 2005. Compliance with infrastructure investment and operational conditions is mandatory to retain tax benefits.
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