Amendment of section 28.

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....n 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;". - Clause 10 of the Bill seeks to amend section 28 of the Incometax Act relating to profits and gains of business or profession. The existing provisions provide that incomes specified in the....