https://www.taxtmi.com/manuals?id=1092 Section 32AC provides an investment allowance to encourage substantial investment in new plant and machinery by companies engaged in manufacture or production. The allowance is available only for specified acquisitions and installations under the 100-crore and 25-crore schemes, at 15% of actual cost subject to the stated conditions. A five-year lock-in period applies, and transfer within that period generally triggers treatment of the deduction as business income, subject to amalgamation or demerger exceptions. en-us Tue, 15 Sep 2015 10:41:00 +0530 Sat, 18 Apr 2026 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1092 Section 32AC provides an investment allowance to encourage substantial investment in new plant and machinery by companies engaged in manufacture or production. The allowance is available only for specified acquisitions and installations under the 100-crore and 25-crore schemes, at 15% of actual cost subject to the stated conditions. A five-year lock-in period applies, and transfer within that period generally triggers treatment of the deduction as business income, subject to amalgamation or demerger exceptions. Manuals Income Tax Tue, 15 Sep 2015 10:41:00 +0530 https://www.taxtmi.com/manuals?id=1092