Amendment of section 32

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..... ia) , the words, brackets, figures and letter or the first proviso to clause (iia) shall be inserted; (B) after the second proviso, the following proviso shall be inserted, namely:- Provided also that where an asset referred to in clause (iia) or the first proviso to clause (iia), as the case may be, is acquired by the assessee during the previous year and is put to use for the purposes of busines .....

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..... or manufacture or production of any article or thing, on or after the 1st day of April, 2015 in any backward area notified by the Central Government in this behalf, in the State of Andhra Pradesh or in the State of Bihar or in the State of Telangana or in the State of West Bengal and acquires and installs any new machinery or plant (other than ships and aircraft) for the purposes of the said under .....

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