SECTION 43 - Definitions of certain terms relevant to income from PGBP

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ided actual cost of the motor acquired by the assessee is uded otherwise than in a business running it on hire for tourist, exceeds 25000/-, then excess of such cost shall be ignored and the actual cost shall be 25000/- Provided further where any expenditure is incurred by the assessee for acquisition of any asset in respect of which payment is made in a day, otherwise than a cheque or any other....