Investment in new plant or machinery: 15% deduction for qualifying manufacturing companies investing over Rs. 100 crore within the window. Companies manufacturing or producing articles that acquire and install qualifying new plant or machinery within the specified window and whose aggregate actual cost exceeds one hundred crore rupees may claim a fifteen per cent deduction of actual cost in two tranches for the relevant assessment years, with the second tranche reduced by the first. If a qualifying asset is sold or transferred within five years, the deduction is recaptured as business income in addition to any taxable gain; amalgamation and demerger transfers shift recapture liability to the successor. The provision defines new asset and lists explicit exclusions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment in new plant or machinery: 15% deduction for qualifying manufacturing companies investing over Rs. 100 crore within the window.
Companies manufacturing or producing articles that acquire and install qualifying new plant or machinery within the specified window and whose aggregate actual cost exceeds one hundred crore rupees may claim a fifteen per cent deduction of actual cost in two tranches for the relevant assessment years, with the second tranche reduced by the first. If a qualifying asset is sold or transferred within five years, the deduction is recaptured as business income in addition to any taxable gain; amalgamation and demerger transfers shift recapture liability to the successor. The provision defines new asset and lists explicit exclusions.
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