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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Govt Approves Industrial Park in Andhra Pradesh: Investment of 60 Crores u/s 80IA(4)(iii) for Tech Services.</h1> The Central Government has notified the development of an Industrial Park by a private company in Chennai under Section 80IA(4)(iii) of the Income Tax Act. The park, located in Andhra Pradesh, covers 25,897.03 square meters and focuses on activities like data processing, software development, and consultancy services. The project involves a total investment of 60 crores, with specific allocations for industrial and commercial use. The approval includes conditions such as a minimum investment in infrastructure, adherence to tax laws, and operational requirements. Any changes or non-compliance may lead to invalidation of the approval.
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