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          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.

          <h1>Concessional tax regime for qualifying domestic manufacturing companies: elective computation with specified deduction and loss restrictions.</h1> A new provision permits a qualifying domestic company engaged solely in manufacturing to elect a voluntary concessional tax computation subject to sections 111A and 112, provided it was set up on or after the commencement date. The election requires computing total income without specified incentive deductions and without set-off of losses attributable to those deductions; depreciation is to be determined as prescribed. The option must be filed by the prescribed due date for the first required return and, once exercised, is irrevocable; referenced losses are treated as already given full effect.

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