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of <h1>Central Government Approves Paradigm Industrial Park Under Section 80IA(4)(iii) for Tax Benefits with Specific Compliance Conditions</h1> The Central Government has notified the industrial park developed by a private company in Mumbai under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, named 'Paradigm,' is located in Malad (West), Mumbai, covering 63,860 square meters, with 90% allocated for industrial use and 10% for commercial use. The project involves an investment of 113.27 crores INR, with a minimum of 50% dedicated to infrastructure. The park must host at least 20 industrial units, and the company must adhere to specific conditions to maintain approval and tax benefits. Any changes or non-compliance may invalidate the approval.
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