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of <h1>Central Government Approves Industrial Park Under Section 80IA(4)(iii) for Tax Benefits; Investment Totals INR 6.23 Crore.</h1> The Central Government has notified the Industrial Park being developed by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Newai, Rajasthan, spans 155.44 acres, with 93.38% of the area designated for industrial use and 6.62% for commercial use. It requires a minimum of 49 industrial units and involves a total investment of INR 6,23,53,000. The park's infrastructure development must constitute at least 50% of the total project cost. The corporation must adhere to specified conditions to maintain approval and tax benefits, with any non-compliance potentially leading to withdrawal of approval.
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