Meaning of tax terms

Meaning of “For the purposes of this section”

Posted on by Prashant Thakur
The meaning of for the purposes of this section used in section 70 to 79 of the Income Tax Act is not defined in the act itself. But we can take guidance from decisions by various high courts. Here is an excerpt of the court’s order in which the Hon’ble Supreme Court tried to explain the meaning of for the purposes of this section.

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Prashant Thakur

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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