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of <h1>Industrial Park in Jaipur Gains Approval Under Section 80IA(4)(iii), Investment and Compliance Conditions Apply</h1> The Central Government has notified an Industrial Park developed by a state industrial corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Chittorgarh, Rajasthan, spans 20.27 acres and is designated solely for industrial use, requiring a minimum of 30 units. The project involves an investment of 146.98 lakhs, with 116.94 lakhs allocated for infrastructure. Approval mandates adherence to specific conditions, including infrastructure investment thresholds, unit occupancy limits, and compliance with tax and regulatory requirements. Any changes or non-compliance may invalidate the approval and associated tax benefits.
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