Deduction eligibility under section 80-IA extended to allow qualifying power and transmission projects to commence by revised deadline.

The amendment substitutes the existing terminal date in clause (iv)(a)-(c) of section 80-IA(4) with a later terminal date, extending the period during which an undertaking engaged in power generation, laying new transmission or distribution lines, or undertaking substantial renovation and modernisation of such networks may commence qualifying activity and thereby claim the statutory deduction. The substitution is effective from the stated operative date and applies to the corresponding assessment year and subsequent years.

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