Deemed grant concept modifies recognition of grants in tax law, extending the provision's application retrospectively. An amendment inserts a deeming phrase into the grant-recognition provision of the Income-tax Act so that where a grant 'is granted' it will also be regarded as 'deemed to have been granted,' thereby expanding the textual basis for recognising grants under the provision and applying retrospectively.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deemed grant concept modifies recognition of grants in tax law, extending the provision's application retrospectively.
An amendment inserts a deeming phrase into the grant-recognition provision of the Income-tax Act so that where a grant "is granted" it will also be regarded as "deemed to have been granted," thereby expanding the textual basis for recognising grants under the provision and applying retrospectively.
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