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of <h1>Central Government Approves Jaipur Industrial Park Under Section 80IA(4)(iii) for Tax Benefits, Requires Compliance by 2006</h1> The Central Government has notified an Industrial Park developed by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Alwar, Rajasthan, spans 499.90 acres, with 99.40% allocated for industrial use. It requires a minimum of 30 industrial units and an investment of 2577.29 lakhs INR, with at least 50% dedicated to infrastructure development. The park must commence by March 31, 2006, and adhere to specific conditions to retain tax benefits. Any changes or non-compliance could invalidate the approval. The corporation must maintain operations throughout the benefit period.
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