https://www.taxtmi.com/acts?id=3554 Rehabilitation allowance permits a deduction when an industrial undertaking discontinues business due to extensive damage or destruction of assets from specified catastrophic events and the business is re-established within three years; the allowance equals sixty per cent of the depreciation deduction otherwise allowable in respect of the damaged or destroyed assets for the year of re-establishment. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 12:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3554 Rehabilitation allowance permits a deduction when an industrial undertaking discontinues business due to extensive damage or destruction of assets from specified catastrophic events and the business is re-established within three years; the allowance equals sixty per cent of the depreciation deduction otherwise allowable in respect of the damaged or destroyed assets for the year of re-establishment. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3554