Amendment of section 32AC.

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..... sets are installed on or before the 31st day of March, 2017 shall be substituted; (ii) before the proviso, the following proviso shall be inserted, namely:- Provided that where the installation of the new assets are in a year other than the year of acquisition, the deduction under this sub-section shall be allowed in the year in which the new assets are installed. ; (iii) in the existing proviso, .....

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..... are installed on or before the 31st March, 2017. It is further proposed to insert a new proviso in the said subsection so as to provide that where the installation of the new assets are in a year other than the year of acquisition, the deduction under the said sub-section shall be allowed in the year in which such new assets are installed. These amendments will take effect retrospectively from 1s .....

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