Industrial Park recognition requires compliance with investment and operational conditions before tax benefits accrue to qualify. Notification designates M/s. RGA Software Systems Private Limited's undertaking at Electronic City, Bangalore, as an industrial park for purposes of Section 80-IA(4)(iii), subject to scheme conditions. The park must allocate 95% industrial and 5% commercial area, host at least three industrial units, and meet prescribed investment and infrastructure thresholds (minimum 50% of project cost, or 60% where built-up industrial space is provided). Tax benefits are payable only after the minimum units locate; operator continuity, required regulatory approvals, transfer intimation, and adherence to the notified plan are mandatory, with invalidation or withdrawal for noncompliance.