30 December 2009
Land with its grammatical variations and cognate expressions has different meanings under different proviisions of the Income Tax Act 1961 itself, as per section 45 defiinition is different, as per section 195 land is different, and as for the agricultural income the definition of land is different, hence a standard defiinition cannot be described. Hence u need to refer to the specific section with which ur question relates to for the definition.
CAclubindia
