https://www.taxtmi.com/article/detailed?id=431 A new provision permits deduction of the whole of capital expenditure incurred wholly and exclusively for certain specified businesses-cold chain facilities, warehousing for agricultural produce, and cross country pipeline networks-while excluding acquisition of land, goodwill and financial instruments. Eligibility bars businesses formed by splitting or by transfer of previously used plant (subject to a 20% de minimis transfer rule), imposes specific ownership, approval and capacity sharing conditions for pipeline businesses, prescribes commencement windows and transitional relief for certain pipeline start ups, and restricts overlapping claims under Chapter VI A, applying related procedural provisions and an associated person definition. en-us Tue, 21 Jul 2009 00:00:00 +0530 Tue, 21 Jul 2009 23:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=431 A new provision permits deduction of the whole of capital expenditure incurred wholly and exclusively for certain specified businesses-cold chain facilities, warehousing for agricultural produce, and cross country pipeline networks-while excluding acquisition of land, goodwill and financial instruments. Eligibility bars businesses formed by splitting or by transfer of previously used plant (subject to a 20% de minimis transfer rule), imposes specific ownership, approval and capacity sharing conditions for pipeline businesses, prescribes commencement windows and transitional relief for certain pipeline start ups, and restricts overlapping claims under Chapter VI A, applying related procedural provisions and an associated person definition. Articles Income Tax Tue, 21 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=431