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of <h1>Central Government Approves Jaipur Industrial Park for Tax Benefits Under Section 80IA(4)(iii) of Income-tax Act 1961.</h1> The Central Government has notified the Industrial Park developed by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Sriganganagar, Rajasthan, spans 308.73 acres and is primarily designated for industrial use, with 97.42% of its area allocated for this purpose. The project requires a minimum of 289 industrial units and an investment of 721.15 lakhs INR. Infrastructure development must constitute at least 50% of the total project cost. The park's approval is subject to compliance with specified conditions, and tax benefits are contingent on meeting these requirements. Any changes or non-compliance may invalidate the approval.
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