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of <h1>Central Government Approves Industrial Model Town in Uttaranchal Under Section 80IA(4)(iii) for Tax Benefits</h1> The Central Government has notified the development of an Industrial Model Town by a state infrastructure corporation in Uttaranchal under Section 80IA(4)(iii) of the Income-tax Act, 1961. The project, located near Ranipur, Haridwar, spans 2032.07 acres, with 82.3% allocated for industrial use and 9.98% for commercial use. A minimum of 495 industrial units is required, with a proposed investment of 165 crores. The park must commence by April 1, 2005, and adhere to specific infrastructure and operational conditions to qualify for tax benefits. Non-compliance or misinformation may lead to approval withdrawal.
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