Installation date threshold amended for machinery and plant, altering eligibility for specified tax rule treatment. Amendment to Income tax Rules, 1962 replaces the installation date condition in New Appendix I, Part A, III. Machinery and Plant, item (8), sub item (xiii), clauses (l) and (m), substituting the previous 'installed on or before' threshold with an 'installed on or after' threshold, thereby changing which assets satisfy the rule's installation date eligibility.
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Installation date threshold amended for machinery and plant, altering eligibility for specified tax rule treatment.
Amendment to Income tax Rules, 1962 replaces the installation date condition in New Appendix I, Part A, III. Machinery and Plant, item (8), sub item (xiii), clauses (l) and (m), substituting the previous "installed on or before" threshold with an "installed on or after" threshold, thereby changing which assets satisfy the rule's installation date eligibility.
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