https://www.taxtmi.com/acts?id=49490 Special tax exemption excludes profits of qualifying industrial undertakings in specified Integrated Infrastructure Development Centers or Industrial Growth Centers in the North Eastern Region from total income, provided the undertaking is newly formed and not constituted by transfer of previously used machinery. The exemption applies for ten consecutive assessment years from commencement of manufacturing, during which certain deductions and carryforward of losses are restricted, depreciation is computed as if deductions had been allowed, and the assessee may opt out by prior written declaration. en-us Sat, 22 Feb 2025 10:49:32 +0530 Sat, 22 Feb 2025 10:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49490 Special tax exemption excludes profits of qualifying industrial undertakings in specified Integrated Infrastructure Development Centers or Industrial Growth Centers in the North Eastern Region from total income, provided the undertaking is newly formed and not constituted by transfer of previously used machinery. The exemption applies for ten consecutive assessment years from commencement of manufacturing, during which certain deductions and carryforward of losses are restricted, depreciation is computed as if deductions had been allowed, and the assessee may opt out by prior written declaration. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:49:32 +0530 https://www.taxtmi.com/acts?id=49490