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of <h1>Government Approves Industrial Park for Tax Benefits under Section 80IA(4)(iii) of Income-tax Act, 1961</h1> The Central Government has notified an industrial park being developed by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Boranada, Jodhpur, Rajasthan, spans 333.08 acres and is primarily for manufacturing activities. The project requires a minimum of 195 industrial units, with 92.05% of the area designated for industrial use. The corporation must comply with infrastructure investment requirements and other conditions to avail tax benefits. Any changes to the project or failure to meet conditions may invalidate the approval. The park's operation must continue during the period of tax benefit eligibility.
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