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Rosy Ltd. engaged in the manufacture of bio-medicines in August 2020 converted one piece of equipment that was used for scientific research purposes previously, for regular business use. The original cost of the plant is ₹ 15 lakhs which was acquired in April 2019. The company had claimed deduction at 150% under section 35(2AB) in the assessment year 2020-21. The plant used for scientific research would be included in the block of assets now at a value of:

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Rosy Ltd. engaged in the manufacture of bio-medicines in August 2020 converted one piece of equipment that was used for scientific research purposes previously, for regular business use. The original cost of the plant is ₹ 15 lakhs which was acquired in April 2019. The company had claimed deduction at 150% under section 35(2AB) in the assessment year 2020-21. The plant used for scientific research would be included in the block of assets now at a value of:






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