https://www.taxtmi.com/acts?id=18779 The amendment adds two new specified businesses-slurry pipeline operation and semiconductor wafer fabrication-and requires that assets qualifying for the section 35AD deduction be used only for the specified business for eight years; if used otherwise (except as otherwise provided), previously allowed deductions, less depreciation as if no deduction had been allowed, are to be recaptured as business income, with an exception for companies designated as sick industrial companies under the industrial sickness statute. en-us Mon, 11 Aug 2014 17:39:31 +0530 Wed, 10 May 2017 14:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18779 The amendment adds two new specified businesses-slurry pipeline operation and semiconductor wafer fabrication-and requires that assets qualifying for the section 35AD deduction be used only for the specified business for eight years; if used otherwise (except as otherwise provided), previously allowed deductions, less depreciation as if no deduction had been allowed, are to be recaptured as business income, with an exception for companies designated as sick industrial companies under the industrial sickness statute. Act-Rules F. Acts / Amendment Acts Mon, 11 Aug 2014 17:39:31 +0530 https://www.taxtmi.com/acts?id=18779