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<h1>Central Government Approves Jaipur Industrial Park for Tax Benefits u/s 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 Khushkhera, Rajasthan, spans 825.83 acres, with 98.79% allocated for industrial use. The project requires a minimum of 695 industrial units and an investment of approximately 47.98 crore INR. Infrastructure development must constitute at least 50% of the total cost. The park's operation is tied to tax benefits, and any delay or non-compliance with conditions may invalidate approval. Transfer of operations requires joint notification to the relevant authorities.