https://www.taxtmi.com/acts?id=10520 Any sum, whether received or receivable, in cash or kind, on account of a capital asset (other than land, goodwill or a financial instrument) being demolished, destroyed, discarded or transferred shall be chargeable to tax under the head Profits and gains of business or profession where the whole of the expenditure on such capital asset has been allowed as a deduction under section 35AD; the amendment takes effect from 1st April, 2010 and applies to assessment year 2010-2011 onwards. en-us Tue, 07 Jul 2009 15:42:42 +0530 Tue, 07 Jul 2009 17:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10520 Any sum, whether received or receivable, in cash or kind, on account of a capital asset (other than land, goodwill or a financial instrument) being demolished, destroyed, discarded or transferred shall be chargeable to tax under the head Profits and gains of business or profession where the whole of the expenditure on such capital asset has been allowed as a deduction under section 35AD; the amendment takes effect from 1st April, 2010 and applies to assessment year 2010-2011 onwards. Act-Rules Bills Tue, 07 Jul 2009 15:42:42 +0530 https://www.taxtmi.com/acts?id=10520