TMI BlogReport under Section 32(1)(iia) of the Income-tax Act, 1961 (Omitted)X X X X Extracts X X X X X X X X Extracts X X X X ..... knowledge and belief, were necessary for the purpose of ascertaining the amount of expenditure incurred by the assessee for acquiring and installing new plant and machinery in the new industrial undertaking / existing industrial undertaking. 3. (a) I / We certify that the deduction to be claimed by assessee under the provisions of clause(A) of the first proviso to clause (iia) of sub-section (1) of section 32 of the Income-tax Act, 1961, in respect of the assessment year .. is Rs. .. which has been determined on the basis of new plant and machinery acquired and installed after the 31st day of March, 2002 by the assessee in the new industrial undertaking. The said amount has been worked out on the basis of the details given in Ann ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion (2) of section 226 of the Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State. 3. Actual cost shall have the same meaning as assigned to it in clause (1) of section 43 read with Explanation 10 of the Income-tax Act, 1961. 4. Substantial expansion by way of increase in installed capacity in the case of an industrial undertaking existing before the 1st day of April, 2002 should not be less than ten per cent. Installed capacity means the capacity of production as existing on the 31st day of March, 2002. 5. Where any of the matter stated in this report is answered in the negative or with a qualification, the report shall state the reasons therefor. ANNEXURE A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acity achieved 6. Remarks Part B Details of new plant and machinery acquired and installed in an undertaking existing before the 1st day of April, 2002 Sl. No. Name and address of the person from whom plant/machinery was acquired Details of plant or machinery Date on which purchased Date of installation Actual cost of the asset 1 2 3 4 5 6 - Forms Tax Management India - taxmanagementindia - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X
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