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of <h1>Government Approves Industrial Park in Jaipur for Tax Benefits Under Section 80IA(4)(iii) of Income-tax Act 1961</h1> The Central Government has notified the Industrial Park developed by a corporation in Jaipur under Section 80IA(4)(iii) of the Income-tax Act, 1961. The park, located in Bassi, Jaipur, spans 90.17 acres and is designated entirely for industrial use, with a minimum of 39 industrial units planned. The total investment proposed is 422.60 lakhs INR, with infrastructure development costing 298.83 lakhs INR. The park's commencement was scheduled for March 31, 2006. Compliance with specified conditions, including infrastructure investment and operational continuity, is mandatory to avail tax benefits. Any transfer of operations or project amendments requires government approval.
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