Deduction for new employment in factories clarified; availability limited where factory is transferred or acquired by amalgamation. The amendment to section 80JJAA provides that an Indian company whose gross total income includes profits from manufacture in a factory may claim a deduction equal to thirty per cent. of additional wages paid to new regular workmen employed in that factory, for a multi-year period including the year of employment, subject to conditions. The amendment excludes deduction where the factory is hived off, transferred from another entity, or acquired by amalgamation, and defines 'factory' by reference to the Factories Act, 1948.