Deduction for capital expenditure allowed for specified businesses, subject to eligibility, non-duplication and commencement conditions and prescribed approvals.

An assessee may deduct whole capital expenditure wholly and exclusively incurred for a specified business, allowable in the year incurred or, if capitalised before commencement, in the year operations commence; specified businesses include cold chain facilities, agricultural warehousing and cross country pipeline networks. Eligibility excludes setups from splitting or transfer of previously used plant unless prescribed exceptions apply; deduction is barred under Chapter VIA and cannot be claimed more than once. Commencement-date conditions, transitional pipeline deductions, and definitions of associated persons, cold chain, and excluded items like land and goodwill are prescribed.

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