https://www.taxtmi.com/acts?id=51023 Consequential amendments revise definitions and cross references in the Income tax Act to align depreciation and deduction provisions: new ship or new aircraft is extended to previously used assets not earlier owned by a resident in India, and new machinery or plant includes machinery used abroad if not previously used in India, imported, and not previously allowed depreciation; multiple clauses and sub sections are substituted or omitted to narrow qualifying references and redirect explanatory cross references. en-us Fri, 18 Apr 2025 17:53:29 +0530 Fri, 18 Apr 2025 17:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51023 Consequential amendments revise definitions and cross references in the Income tax Act to align depreciation and deduction provisions: new ship or new aircraft is extended to previously used assets not earlier owned by a resident in India, and new machinery or plant includes machinery used abroad if not previously used in India, imported, and not previously allowed depreciation; multiple clauses and sub sections are substituted or omitted to narrow qualifying references and redirect explanatory cross references. Act-Rules F. Acts / Amendment Acts Fri, 18 Apr 2025 17:53:29 +0530 https://www.taxtmi.com/acts?id=51023