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Disputed income
Disputed income, 'disputed income', in relation to an assessment year, means the whole or so much of the total income
Considers it necessary
Considers it necessary, The words 'considers it necessary' postulate that the authority concerned has thought over the matter deliberately and with care and it has been found necessary as a result of such thinking to pass...
Any income
Any income, The words as appearing in the body of the Income Tax Act, 1961 are restrictive in their application
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Agricultural income
Agricultural income, means agricultural income as defined for the purposes of the enactments relating to Indian income tax. [Constitution of
unearned income
unearned income : income (as interest and dividends) that is not gained by labor, service, or skill compare earned income
household income
household income The income used to determine whether a sponsor meets the minimum income requirements under Section 213A of the
earned income credit
earned income credit A tax credit allowed to employed individuals whose income and modified gross income is less than a
earned income
earned income : income (as wages, salary, professional fees, or commissions) that results from the personal labor or services of
deferred income
deferred income : current income forgone to produce a later higher income (as at retirement)
As it deems fit
As it deems fit, the expression 'as it deems fit' has been used but in view of the fact that civil consequences would ensue by reason thereof, the same must be exercised fairly and bona fide....
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