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of <h1>Central Government Approves Hyderabad Industrial Park under Section 80-IA for Software Services with Strict Compliance Conditions</h1> The Central Government has notified an industrial park developed by a private company in Hyderabad under section 80-IA of the Income-tax Act, 1961. The park, located on 19.39 acres, is entirely for industrial use, focusing on software consultancy and supply services. The project involves a total investment of 11,600 lakhs, with 54% allocated to infrastructure development. The park must maintain a minimum of 66% of its area for industrial activities and comply with specific conditions, including necessary approvals for foreign investments. The government reserves the right to withdraw approval if conditions are not met.
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