Expansion of statutory scope under income-tax law to include other transactions beyond business or profession matters. Section 262(10)(c) of the Income-tax Act is amended by substituting the words "pertaining to business or profession" with "pertaining to, business or ... Summary
Expansion of statutory scope under income-tax law to include other transactions beyond business or profession matters.
Section 262(10)(c) of the Income-tax Act is amended by substituting the words "pertaining to business or profession" with "pertaining to, business or profession, or other transactions,". The amendment broadens the scope of the provision beyond business or profession matters to include other transactions as well.
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