Investment Incentives Order, 2001 · s 82

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s 82Crediting of investment allowance

( l) Where in the basis period for a year of assessment a company has incurred fixed capital expenditure, the company shall be given for that year of assessment an investment allowance in respect of such amount of the fixed capital expenditure as qualifies for the investment allowance under the terms and conditions of its certificate and in accordance with section 81.

(2)

Where any investment allowance is given to a company for an approved project, the investment allowance shall be kept in an account to be called

"investment allowance account" which shall be kept by the company for the purposes of this Part.

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