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of <h1>Private Industrial Park in Pune Receives Approval Under Section 80IA(4)(iii) of Income-tax Act, 1961; Offers Tax Benefits</h1> The Central Government has notified an industrial park being developed by a private company in Pune under Section 80IA(4)(iii) of the Income-tax Act, 1961. The industrial park, located at Dhole Patil Road, Pune, spans 35,433 square meters and is intended for activities such as communication services, software development, and consultancy services. The project requires a minimum investment of 50% in infrastructure development. Tax benefits are contingent on meeting specific conditions, including the establishment of at least three industrial units. The notification outlines conditions for operation, potential transfer, and compliance, with provisions for invalidating approval if conditions are unmet.
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