https://www.taxtmi.com/acts?id=4315 Section 80IB allows a deduction from profits of specified newly formed industrial or related businesses for defined consecutive assessment years, subject to conditions on formation, prior use of machinery, manufacturing or employment thresholds, geographic or sectoral classifications, prescribed approvals, and temporal commencement windows; enhanced initial relief applies to backward regions and certain notified sectors, while audit and transfer provisions govern compliance and continuity of claims. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:51:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4315 Section 80IB allows a deduction from profits of specified newly formed industrial or related businesses for defined consecutive assessment years, subject to conditions on formation, prior use of machinery, manufacturing or employment thresholds, geographic or sectoral classifications, prescribed approvals, and temporal commencement windows; enhanced initial relief applies to backward regions and certain notified sectors, while audit and transfer provisions govern compliance and continuity of claims. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4315