AI Drafter 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Amendment of Section 155
X X X X Extracts X X X X
X X X X Extracts X X X X
....espect of a ship or an aircraft or any machinery or plant in any assessment year under section 32A and subsequently - (a) at any time before the expiry of eight years from the end of the previous year in which the ship or aircraft was acquired or the machinery or plant was installed, the ship, aircraft, machinery or plant is sold or otherwise transferred by the assessee to any person othe....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ion 32A] for the purposes of the business of the undertaking; or (c) at any time before the expiry of the ten years referred to in clause (b), the assessee utilises the amount credited to the reserve account under sub-section (4) of section 32A - (i) for distribution by way of dividends or profits; or (ii) for remittance outside India as profits or for the creation of an....