https://www.taxtmi.com/acts?id=20400 Amendment to section 32AC(1A) conditions the 15% deduction on new plant and machinery being installed on or before 31st March, 2017, inserts a proviso allowing deduction in the year of installation when installation occurs after acquisition, and redesignates the existing proviso; amendments are retrospective from 1st April, 2016 and apply to the relevant assessment year and subsequent years. en-us Mon, 29 Feb 2016 16:18:10 +0530 Mon, 29 Feb 2016 16:18:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20400 Amendment to section 32AC(1A) conditions the 15% deduction on new plant and machinery being installed on or before 31st March, 2017, inserts a proviso allowing deduction in the year of installation when installation occurs after acquisition, and redesignates the existing proviso; amendments are retrospective from 1st April, 2016 and apply to the relevant assessment year and subsequent years. Act-Rules Bill Mon, 29 Feb 2016 16:18:10 +0530 https://www.taxtmi.com/acts?id=20400