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32ac (1a) section

This query is : Resolved 
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(Querist)
17 March 2016 The eligiblity for claiming investment allowance under 32ac (1a) is to acquire and installed plant & machinery exceeding 25 crore in such previous finacial year... somewhere any frnd of mine said limit is not restrictd to only SUCH YEAR ..its ANY PREVIOUS YEAR aggreating the amount from 2015-16 to 2016-17 please clear the whole provision
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CA Prateek Garg

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CA Prateek Garg (Expert)
17 March 2016 No...., Deduction u/s 32AC(1A) is allowable only when value of asset acquired during the year is 25 Cr or more. No aggregation can be done for 2 years.

Aggregation was allowed for deduction u/s 32AC(1) but there is no such provision for deduction u/s 32AC(1A)
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