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of <h1>Central Government Approves New Industrial Park Development 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 in Jhalawar, Rajasthan, spans 49.19 acres, with 96.9% allocated for industrial use. The project requires a minimum of 155 units and an investment of 61.89 lakhs INR. Infrastructure must account for at least 50% of the project cost, covering roads, utilities, and other facilities. The park must commence by March 31, 2006, and adhere to specified conditions to maintain approval and tax benefits. Any transfer of operations requires notification and compliance with the Industrial Park Scheme, 2002.
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