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<h1>Finance Act 2001 amends Section 9 of Income-tax Act: New clause (iva) on equipment use added. Effective April 2002.</h1> Section 9 of the Income-tax Act was amended by the Finance Act, 2001. Effective April 1, 2002, a new clause (iva) was inserted in subsection (1), clause (vi), Explanation 2. This clause addresses the use or right to use any industrial, commercial, or scientific equipment, excluding amounts referred to in section 44BB. Additionally, in clause (vi), the reference to sub-clauses was updated to include the new clause (iva) alongside existing sub-clauses (i) to (v).