https://www.taxtmi.com/manuals?id=1100 Deduction is available for capital expenditure incurred wholly and exclusively for a specified business, subject to the business not being formed by splitting up or reconstruction of an existing business and to the prescribed ownership, approval, common-carrier and notification conditions. Pre-commencement expenditure capitalised in the books is allowed in the year of commencement. The allowance is barred where the same expenditure has already been claimed under another deduction provision, and qualifying assets remain subject to a lock-in period during which use for a non-specified purpose can trigger taxation of the earlier deduction. en-us Tue, 15 Sep 2015 10:49:00 +0530 Wed, 22 Apr 2026 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1100 Deduction is available for capital expenditure incurred wholly and exclusively for a specified business, subject to the business not being formed by splitting up or reconstruction of an existing business and to the prescribed ownership, approval, common-carrier and notification conditions. Pre-commencement expenditure capitalised in the books is allowed in the year of commencement. The allowance is barred where the same expenditure has already been claimed under another deduction provision, and qualifying assets remain subject to a lock-in period during which use for a non-specified purpose can trigger taxation of the earlier deduction. Manuals Income Tax Tue, 15 Sep 2015 10:49:00 +0530 https://www.taxtmi.com/manuals?id=1100