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of <h1>Central Government Approves Industrial Park Development by Corporation Under Section 80IA(4)(iii) of Income-tax Act, 1961</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 at RIICO Limited, Jhotwara Ext.-II, spans 124.16 acres, with 97.28% earmarked for industrial use and 2.72% for commercial use. The project requires a minimum of 542 industrial units and an investment of approximately 11.18 crore rupees. Infrastructure development must constitute at least 50% of the project cost. Compliance with specified conditions and obtaining necessary approvals are mandatory for availing tax benefits. Non-compliance or misinformation may lead to invalidation of approval.
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