9 results for “section 68”+ Section 2(24)clear
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Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI
24)(i) of the Act to include profits and gains. This sub-section is an inclusive provision. Parliament has included specifically business profits into the definition of the word ‘income’. Therefore, we are required to give a precise meaning to the words ‘profits and gains of business’ mentioned in Section 80P(2) of the Act. In the present