Industrial park recognition grants tax benefits once infrastructure, unit thresholds and compliance conditions are satisfied per scheme. Central Government notifies M/s. State Infrastructure and Industrial Development Corporation of Uttranchal Limited, Dehradun, as an industrial park under clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location and area, allocable area wholly for industrial use, prescribed minimum number of units, planned investment and infrastructure commitments, and a commencement date. Eligibility for tax benefits is conditional on meeting infrastructure investment thresholds, unit-location requirements, necessary statutory approvals, continued operation by the undertaking, and adherence to approval, transfer and amendment conditions; noncompliance invalidates approval.