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of <h1>State Corporation's Industrial Park in Sitapura Phase-III Notified Under Section 80-IA(4)(iii) for Tax Benefits</h1> The Industrial Park at Sitapura Phase-III, Jaipur, operated by a state corporation, has been notified under section 80-IA(4)(iii) of the Income-tax Act, 1961. The park, covering 425.31 acres, is designated for industrial and commercial use, with 77.44% of the area for industrial activities and 4.71% for commercial purposes. It requires a minimum of 370 industrial units and an investment of 5117.00 lakhs INR. The park's infrastructure development must comprise at least 50% of the total project cost. Compliance with the Industrial Park Scheme, 2002, is mandatory, and tax benefits are conditional upon meeting specified criteria.
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