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of <h1>Government Approves Industrial Park Development in Jaipur Under Section 80IA(4)(iii) for Tax Benefits</h1> The Central Government has notified the development of an Industrial Park by a corporation in Jaipur, under Section 80IA(4)(iii) of the Income-tax Act, 1961. Located in Neemrana Phase-1, Alwar, Rajasthan, the park spans 644.75 acres, with 86.16% of the area allocated for industrial use and 3.11% for commercial use. The project requires a minimum of 113 industrial units and a proposed investment of 3075.00 lakhs INR. The park must begin operations by March 31, 2006, and adhere to specific infrastructure and investment criteria. Compliance with these conditions is necessary to avail tax benefits under the Act.
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