Industrial Park approval conditions set eligibility for income-tax benefits, tied to infrastructure, unit thresholds and compliance. Central Government notifies Panchshil IT Park, developed and operated by M/s. India Land Infrastructure Development Private Limited, as an Industrial Park under clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms. The annexure prescribes location, area, allocable splits (90% industrial, 10% commercial), a minimum of three units, defined infrastructure components and minimum infrastructure investment thresholds, a fifty percent cap on single-unit occupancy, requirements for FDI approvals, operation and transfer notification obligations, and conditions that render approval invalid or subject to withdrawal for misinformation, non-disclosure, delayed commencement beyond one year, or other non-compliance.