Gains from Sale of Scientific Research Assets - (New) Section 38(1)(c) / (Old) Section 41(3)

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....already received a capital expenditure deduction under section 45(1)(a)(i)) without being used for other purposes, Any excess of sale proceeds plus deductions over actual cost (limited to deductions claimed) is taxed. [ Section 38(1)(c) ] This Clause applies only if asset was not used for other purposes. [ Section 38(2)(c) ] Set-off of Unabsorbed Loss After Discontinuance of Busine....

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.... of natural or applied science including agriculture, animal husbandry or fisheries; and (b) the references to expenditure incurred on scientific research shall include all expenditure incurred for the prosecution, or the provision of facilities for the prosecution, of scientific research, but does not include any expenditure incurred in the acquisition of rights in, or arising out of, sc....