https://www.taxtmi.com/acts?id=19107 A new section 32AD grants an investment deduction for undertakings setting up manufacturing or production units in notified backward areas of Andhra Pradesh and Telangana that acquire and install qualifying new plant or machinery within the specified window; the provision defines excluded assets and imposes a five-year recapture rule treating the previously allowed deduction as business income if such asset is transferred within five years, with special application of the recapture rule to successors in specified amalgamation, demerger or reorganisation transactions. en-us Sat, 28 Feb 2015 19:10:40 +0530 Mon, 02 Mar 2015 11:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19107 A new section 32AD grants an investment deduction for undertakings setting up manufacturing or production units in notified backward areas of Andhra Pradesh and Telangana that acquire and install qualifying new plant or machinery within the specified window; the provision defines excluded assets and imposes a five-year recapture rule treating the previously allowed deduction as business income if such asset is transferred within five years, with special application of the recapture rule to successors in specified amalgamation, demerger or reorganisation transactions. Act-Rules Bill Sat, 28 Feb 2015 19:10:40 +0530 https://www.taxtmi.com/acts?id=19107