For the purpose of Section 80IA(4)(iii) - Industrial Part of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur notified - 027/2007 - Income Tax

Industrial Park recognition under section 80 IA enables tax benefits subject to prescribed infrastructure and occupancy compliance.

Notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's undertaking at Integrated Infrastructure Development Centre, Nagaur, as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to specified terms: site, area, allocable industrial and commercial percentages, minimum 80 industrial units, proposed investments and commencement date. Approval requires minimum infrastructure expenditure thresholds, defined common facilities, a single unit occupancy cap of fifty percent, separate statutory and foreign investment approvals, continuation of operation by the undertaking, and fulfilment of unit count before tax benefits attach; non compliance, delays, transfers, misinformation or unauthorised amendments invalidate approval.