Definition of Person for tax purposes clarifies included entities and deeming of non income seeking bodies as persons. Person includes individuals, Hindu undivided families, companies, firms, associations of persons or bodies of individuals (incorporated or not), local authorities, and every artificial juridical person not falling within earlier sub clauses; associations, bodies, local authorities and artificial juridical persons are deemed to be persons whether or not formed with the object of deriving income, profits or gains.
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Provisions expressly mentioned in the judgment/order text.
Definition of Person for tax purposes clarifies included entities and deeming of non income seeking bodies as persons.
Person includes individuals, Hindu undivided families, companies, firms, associations of persons or bodies of individuals (incorporated or not), local authorities, and every artificial juridical person not falling within earlier sub clauses; associations, bodies, local authorities and artificial juridical persons are deemed to be persons whether or not formed with the object of deriving income, profits or gains.
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