Section 270BA | Meaning of “qualifying expenditure”

In this Part “qualifying expenditure” means expenditure which—^F1

(a)is qualifying capital expenditure under any of sections 270BB to 270BE (expenditure on construction or purchase), and^F1

(b)is not excluded expenditure under—^F1

(i)section 270BG (acquisition or alteration of land),^F1

(ii)section 270BH (market value rule), or^F1

(iii)section 270BI (provision of plant or machinery).^F1