Section 49
No investment allowance for certain expenditure
of Economic Expansion Incentives (Relief from Income Tax) Act 1967
ActIn forceProvision 49 of 65
Section 49
Amended by29/201037/2014
No investment allowance may be granted for any amount of fixed capital expenditure incurred on the acquisition of any know‑how, patent rights or productive equipment for which an allowance has been claimed under section 19A(2A), (2B) or (2BAA) or 19B(1A), (1B) or (1BAA) of the Income Tax Act 1947.[74A