Tax on income of certain companies and co ops: computation without deductions and specific eligibility and transfer pricing rules. Section 205 requires that for certain assessment provisions total income be computed without deduction or exemption under specified provisions, and imposes eligibility conditions: no formation by splitting/reconstruction except limited re establishment cases; limits on use of previously used machinery or plant (20% value cap) and a permitted imported machinery carve out; prohibition for domestic companies on using buildings previously claiming specified hotel/convention centre deductions; and restriction of business to manufacture/production (including electricity) with listed exclusions. The Assessing Officer may make arm's length adjustments for connected transactions, and Board guidelines (Central Government approved) are subject to Parliamentary oversight.