https://www.taxtmi.com/acts?id=51577 Section 46 allows an assessee, at option, to deduct the whole of capital expenditure incurred wholly and exclusively for any specified business in the tax year in which such expenditure is incurred (or, if capitalised pre-operationally, in the year operations commence), subject to anti-abuse conditions preventing qualification where the business is formed by splitting or reconstruction or by transfer of previously used machinery, specified exceptions for imported machinery and de minimis transfers, enumerated categories of qualifying businesses, non-duplication of other deductions, an eight-year exclusive-use condition for assets, and definitions and exclusions limiting capital expenditure. en-us Wed, 13 Aug 2025 18:54:13 +0530 Sat, 31 Jan 2026 11:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51577 Section 46 allows an assessee, at option, to deduct the whole of capital expenditure incurred wholly and exclusively for any specified business in the tax year in which such expenditure is incurred (or, if capitalised pre-operationally, in the year operations commence), subject to anti-abuse conditions preventing qualification where the business is formed by splitting or reconstruction or by transfer of previously used machinery, specified exceptions for imported machinery and de minimis transfers, enumerated categories of qualifying businesses, non-duplication of other deductions, an eight-year exclusive-use condition for assets, and definitions and exclusions limiting capital expenditure. Act-Rules Income Tax Wed, 13 Aug 2025 18:54:13 +0530 https://www.taxtmi.com/acts?id=51577