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of <h1>Government Approves Janapriya Engineers Syndicate's Industrial Park Development Under Section 80IA(4)(iii) of Income-tax Act</h1> The Central Government has notified M/s. Janapriya Engineers Syndicate's development of an industrial park in Hyderabad under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located at Fortune 9, Somajiguda, spans 18,786.95 square meters and is designated for industrial activities like communication services and consultancy. The project requires a minimum of three industrial units, with 90.41% of the area for industrial use. A total investment of 22 crores is proposed, with 15 crores for industrial space. The park must adhere to specific infrastructure and investment criteria, with tax benefits contingent on compliance. Any changes or delays require fresh approval.
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