TaxTMI 
TaxTMI 
Capital expenditure of specified business.
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....ss is commenced. (3) This section shall apply to the specified business fulfilling all of the following conditions:- (a) it is not set up by splitting up, or the reconstruction, of an already existing business; (b) it is not set up by the transfer of machinery or plant previously used for any purpose to the specified business; (c) if the business is of the nature referred to in sub-section (11)(d)(iii) and such business- (i) is owned by a company formed and registered in India under the Companies Act, 2013 (18 of 2013) or by a consortium of such companies or by an authority or a board or a corporation established or constituted under any Central Act or State Act; (ii) has been approved by the ....
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....espect of the expenditure referred to in sub-section (1) shall be allowed to the assessee under any other section in any tax year or under this section in any other tax year, if the deduction has been claimed and allowed to him under this section. (6) The provisions of this section shall apply to the specified business referred to in column B of the Table below if it commences its operations as specified in column C thereof. Table Sl.No. Nature of specified business Date of commencement of operations being on or after A B C 1. Laying and operating a cross-country natural gas pipeline network for distribution, including storage facilities being an integral part of such network. 1st April, 2007. 2. Build....
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....lf in accordance with the guidelines as may be prescribed. 1st April, 2014. 12. Developing, or operating and maintaining, or developing, operating and maintaining, any infrastructure facility. 1st April, 2017. 13. In all other cases. 1st April, 2009. (7) Where the assessee builds a hotel of two star or above category as classified by the Central Government and subsequently, transfers the hotel operation thereof to another person while retaining its ownership, the assessee shall be deemed to be carrying on the specified business referred to in sub-section (11)(d)(iv). (8) The provisions contained in sections 122(6) and 140(8) and (13) shall, so far as may be, apply to this section in respect of goods or services or....
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....directly or indirectly, shares carrying at least 26% of the voting power in the capital of the assessee; (iii) who appoints more than half of the board of directors or members of the governing board, or one or more executive directors or executive members of the governing board of the assessee; or (iv) who guarantees at least 10% of the total borrowings of the assessee; (b) "cold chain facility" means a chain of facilities for storage or transportation of agricultural and forest produce, meat and meat products, poultry, marine and dairy products, products of horticulture, floriculture and apiculture and processed food items under scientifically controlled conditions including refrigeration and other facilities nec....
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....nd building a housing project under a scheme for affordable housing framed by the Central Government or a State Government and which is notified by the Board in this behalf in accordance with the ^1[guidelines as may be] prescribed; (viii) production of fertilizer in India; (ix) setting up and operating an inland container depot or a container freight station notified or approved under the Customs Act, 1962 (52 of 1962); (x) bee-keeping and production of honey and beeswax; (xi) setting up and operating a warehousing facility for storage of sugar; (xii) laying and operating a slurry pipeline for the transportation of iron ore; (xiii) setting up and operating a semiconductor wafer fab....