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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Industrial Park in Jaipur Gains Approval for Tax Benefits Under Section 80IA(4)(iii) of Income-tax Act 1961</h1> The Central Government has notified an industrial park developed by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Rawla, Sriganganagar, covers 220.43 acres, with 87.96% allocated for industrial use and 1.44% for commercial use. It requires a minimum of 40 industrial units and a total investment of 303.44 lakhs INR. The park must adhere to specific infrastructure development criteria and operational conditions to maintain tax benefits. Any changes or non-compliance may invalidate the approval, and necessary approvals for foreign investments must be obtained separately.
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