https://www.taxtmi.com/acts?id=38251 The amendment requires the assessee to elect to claim the one hundred per cent deduction under section 35AD for capital expenditure on specified business in the previous year when the expenditure is incurred, converting the deduction into an option. It further provides that the prohibition on claiming the same expenditure under any other provision or in any other year applies only if the deduction has been claimed and allowed under section 35AD. en-us Sat, 01 Feb 2020 16:22:55 +0530 Sat, 01 Feb 2020 16:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38251 The amendment requires the assessee to elect to claim the one hundred per cent deduction under section 35AD for capital expenditure on specified business in the previous year when the expenditure is incurred, converting the deduction into an option. It further provides that the prohibition on claiming the same expenditure under any other provision or in any other year applies only if the deduction has been claimed and allowed under section 35AD. Act-Rules Bill Sat, 01 Feb 2020 16:22:55 +0530 https://www.taxtmi.com/acts?id=38251