Meaning of tax terms

Meaning of “Income

Posted on by Prashant Thakur

Case Name : Castleton Investment Ltd., In Re

Citation :[2012] 24 TAXMANN.COM 150/211 TAXMAN 282/348 ITR 537/252 CTR 131 (AAR – NEW DELHI)

Court : AAR

Section : 92

Meaning : Going by its general meaning and by its defined meaning under the act, there is no warrant for restricting the scope of the expression ‘income’ occurring in section 92.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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