Industrial Park approval conditions determine eligibility for tax incentives subject to infrastructure, allocation, and compliance requirements. Notification designates the undertaking developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur as an Industrial Park for claiming incentives under the income tax provision, subject to approval conditions specifying location, area, allocable land proportions, minimum unit count, infrastructure investment thresholds, and commencement date; tax benefits are conditional on adherence to these requirements, separate statutory approvals for foreign investment, continued operation by the sponsor or formal notified transfer, and risk invalidation for misrepresentation, undisclosed material facts, unauthorized project amendments, or non compliance.