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Amount not set off against income
Income Tax (Concessions For Development) Rules, r. 5 · Revised Edition 2020
The amount allowed under these Rules as a deduction for capital expenditure on property, including plant and machinery,
shall, to the extent to which such amount is not set off against income during the period of operation of an enterprise, be deemed to qualify, after such period, for deduction under section 12 of the Income Tax Act at the rate appropriate to the property in respect of which such expenditure was incurred.
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