https://www.taxtmi.com/acts?id=17780 Companies manufacturing or producing articles that acquire and install qualifying new plant or machinery within the specified window and whose aggregate actual cost exceeds one hundred crore rupees may claim a fifteen per cent deduction of actual cost in two tranches for the relevant assessment years, with the second tranche reduced by the first. If a qualifying asset is sold or transferred within five years, the deduction is recaptured as business income in addition to any taxable gain; amalgamation and demerger transfers shift recapture liability to the successor. The provision defines new asset and lists explicit exclusions. en-us Tue, 14 May 2013 14:01:13 +0530 Mon, 17 Nov 2025 13:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17780 Companies manufacturing or producing articles that acquire and install qualifying new plant or machinery within the specified window and whose aggregate actual cost exceeds one hundred crore rupees may claim a fifteen per cent deduction of actual cost in two tranches for the relevant assessment years, with the second tranche reduced by the first. If a qualifying asset is sold or transferred within five years, the deduction is recaptured as business income in addition to any taxable gain; amalgamation and demerger transfers shift recapture liability to the successor. The provision defines new asset and lists explicit exclusions. Act-Rules F. Acts / Amendment Acts Tue, 14 May 2013 14:01:13 +0530 https://www.taxtmi.com/acts?id=17780