Section 80IA(3)(ii) Denies Tax Deductions for Industrial Undertakings Using Previously Owned Machinery or Plant.

Industrial undertaking - As per section 80IA(3)(ii), once the machinery or plant previously used for 'any purpose' is transferred to a new business, the concerned undertaking is not entitled for deduction - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X