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of <h1>Industrial Park in Jaipur Approved Under Section 80IA(4)(iii) for Tax Benefits; Must Meet Specific Conditions</h1> The Central Government has notified the development of an Industrial Park by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Sadulpur Phase-III, Churu, Rajasthan, spans 72.84 acres, with 98.60% allocated for industrial use and 1.40% for commercial use. The minimum investment for infrastructure development is set at 50% of the total project cost. The park must house at least three industrial units to avail tax benefits. Any changes in project plans or failure to meet conditions may invalidate the approval. The corporation must maintain the park during the benefit period.
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