s 270BA Meaning of “qualifying expenditure”
In this Part “qualifying expenditure” means expenditure which— (a) is qualifying capital expenditure under any of sections 270BB to 270BE (expenditure on construction or purchase), and (b) is not excluded expenditure under— (i) section 270BG (acquisition or alteration of land), (ii) section 270BH (market value rule), or (iii) section 270BI (provision of plant or machinery).