Statutory definition adopts governing-law meaning for income-tax purposes, creating a newly incorporated term without a direct earlier counterpart.

Inland Waterways Authority of India, for the purposes of the relevant Part under the Income-tax Act, 2025, carries the meaning assigned under section 3 of the Inland Waterways Authority of India Act, 1985. The definition is newly incorporated and has no direct corresponding definition under the Income-tax Act, 1961.

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