Meaning of “Income

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.

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