Industrial Park approval requires specified infrastructure, minimum units, and compliance under law for tax benefits. Notification under section 80-IA(4)(iii) designates M/s. Somu Properties Private Limited's Salarpuria Ascent development as an Industrial Park for specified tax benefits, subject to terms including: listed industrial activities; 100% industrial allocable area; minimum three units; stated investment and commencement date; prescribed minimum infrastructure expenditure thresholds; restriction on any single unit occupying more than fifty per cent of allocable area; separate statutory approvals for investments; tax benefits claimable only after the minimum units are present; operational continuity by the promoter; transfer intimation requirements; and grounds for invalidation or withdrawal for misinformation, undisclosed material facts, amendments without approval, or delayed commencement beyond one year.