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of <h1>Central Government Approves Industrial Park in Jaipur Under Section 80IA(4)(iii) of Income-tax Act, 1961</h1> The Central Government has notified the development of an industrial park by a state industrial corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Raisingh Nagar, Rajasthan, covers 61.77 acres and is primarily for manufacturing activities, with 99.13% of the area dedicated to industrial use. The project requires a minimum of 30 industrial units and an investment of 276.02 lakhs INR. Infrastructure development must constitute at least 50% of the project cost. The park must adhere to specific conditions, including maintaining operations for tax benefits and obtaining necessary approvals for any changes.
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