Section 2(29A) (of Income Tax Act, 1961)
Section 2(29A) (of Income Tax Act, 1961)
liable to tax
“liable to tax”, in relation to a person, means that there is a liability of tax on such person under any law for the time being in force in any country, and shall include a case where subsequent to imposition of tax liability, an exemption has been provided;’
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