# The Finance Act, 2009, Section 10: Amendment of section 28

- Act: The Finance Act, 2009
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2009/section/10/

## Text

Amendment of section 28. 10. In section 28 of the Income-tax Act, after clause (vi), the following clause shall be inserted with effect from the 1st day of April, 2010, namely :— "(vii) any sum, whether received or receivable, in cash or kind, on account of any capital asset (other than land or good­will or financial instrument) being demolished, destroyed, dis­carded or transferred, if the whole of the expenditure on such capital asset has been allowed as a deduction under section 35AD;". © Copyright. Taxmann Publications Pvt. Ltd.

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