https://www.taxtmi.com/acts?id=17928 Section 32AC permits a fifteen percent investment deduction for companies in manufacturing where acquisition and installation of qualifying new plant or machinery exceed prescribed aggregate thresholds, allocated to specified assessment years and subject to timing rules; if such an asset is transferred within five years of installation (except on permitted amalgamation or demerger), the earlier deduction is recaptured as income in the year of transfer in addition to any transfer gains, and the section specifies exclusions from the definition of new asset. en-us Fri, 17 May 2013 16:33:40 +0530 Wed, 27 Aug 2025 12:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17928 Section 32AC permits a fifteen percent investment deduction for companies in manufacturing where acquisition and installation of qualifying new plant or machinery exceed prescribed aggregate thresholds, allocated to specified assessment years and subject to timing rules; if such an asset is transferred within five years of installation (except on permitted amalgamation or demerger), the earlier deduction is recaptured as income in the year of transfer in addition to any transfer gains, and the section specifies exclusions from the definition of new asset. Act-Rules Income Tax Fri, 17 May 2013 16:33:40 +0530 https://www.taxtmi.com/acts?id=17928