https://www.taxtmi.com/acts?id=50995 The substituted provision permits an assessee to specify an option under which the profits and gains of the undertaking are not included in total income for any five consecutive assessment years falling within a limited post commencement period beginning with the assessment year in which the undertaking begins manufacture or production; a proviso prevents those five years from extending beyond that period. en-us Fri, 18 Apr 2025 17:44:39 +0530 Fri, 18 Apr 2025 17:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50995 The substituted provision permits an assessee to specify an option under which the profits and gains of the undertaking are not included in total income for any five consecutive assessment years falling within a limited post commencement period beginning with the assessment year in which the undertaking begins manufacture or production; a proviso prevents those five years from extending beyond that period. Act-Rules F. Acts / Amendment Acts Fri, 18 Apr 2025 17:44:39 +0530 https://www.taxtmi.com/acts?id=50995