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of <h1>Law redefines 'actual cost' for depreciation, excludes third-party payments and credits, sets apportionment and 13 scenarios, limits AO power</h1> The provision redefines 'actual cost' for depreciation by excluding amounts borne by others, input-tax/excise credits and subsidies, prescribing an apportionment formula for non-specific grants, listing 13 special acquisition scenarios, and empowering the Assessing Officer to re-determine cost in abuse cases. The passed Act mainly refines drafting: it expressly includes 'duty of excise or additional duty' (broader than the Bill), adds 'treated as' inventory conversions, uses 'is allowable' vs 'is made' for research-related deductions, and explicitly bars AO redetermination for one table entry, modestly narrowing AO discretion and affecting certain historic gift/inheritance calculations.
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