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of <h1>Government Approves Industrial Park Development in Jaipur Under Section 80IA(4)(iii), Ensuring Tax Benefits and Infrastructure Standards</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 Jodhpur, Rajasthan, covers 193.54 acres, with 93.81% allocated for industrial use and 6.19% for commercial use. The project involves a minimum of 158 industrial units with a proposed investment of 1350.73 lakhs INR. Infrastructure development must constitute at least 50% of the total project cost. The corporation must adhere to specified conditions to retain approval and tax benefits, and any significant project changes require government approval.
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