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of <h1>Government Approves Jaipur Industrial Park for Tax Benefits Under Section 80IA(4)(iii) of Income-tax Act, 1961</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 Jodhpur, covers 49.92 acres and is exclusively for industrial use with a minimum of 30 units. The total investment is projected at 380 lakh Rupees, with at least 50% allocated to infrastructure. The park must commence by December 31, 2005, to qualify for tax benefits. Compliance with the Industrial Park Scheme, 2002, is mandatory, and any transfer of operations requires notification to relevant authorities. Non-compliance or misinformation will invalidate approval.
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