https://www.taxtmi.com/acts?id=10523 A new provision permits full deduction of capital expenditure wholly and exclusively incurred for specified businesses-cold chain facilities, warehousing for agricultural produce, and cross country pipeline networks (with integral storage)-subject to exclusions for land, goodwill and financial instruments. Eligibility excludes businesses formed by splitting/reconstruction or by transfer of previously used machinery, though imported machinery previously used abroad may qualify and a 20% de minimis for previously used plant is allowed. Chapter VIA benefits are disallowed for these incomes and the deduction cannot be claimed elsewhere; special commencement dates and an additional limited deduction for certain pipeline projects are provided. en-us Tue, 07 Jul 2009 15:44:28 +0530 Tue, 07 Jul 2009 17:43:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10523 A new provision permits full deduction of capital expenditure wholly and exclusively incurred for specified businesses-cold chain facilities, warehousing for agricultural produce, and cross country pipeline networks (with integral storage)-subject to exclusions for land, goodwill and financial instruments. Eligibility excludes businesses formed by splitting/reconstruction or by transfer of previously used machinery, though imported machinery previously used abroad may qualify and a 20% de minimis for previously used plant is allowed. Chapter VIA benefits are disallowed for these incomes and the deduction cannot be claimed elsewhere; special commencement dates and an additional limited deduction for certain pipeline projects are provided. Act-Rules Bills Tue, 07 Jul 2009 15:44:28 +0530 https://www.taxtmi.com/acts?id=10523