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Income-tax Act, 1961

Section - 102 - Definitions

Definitions.

102. In this Chapter, unless the context otherwise requires,-

(1)- "arrangement" means any step in, or a part or whole of, any transaction, operation, scheme, agreement or understanding, whether enforceable or not, and includes the alienation of any property in such transaction, operation, scheme, agreement or understanding;
(2)- "asset" includes property, or right, of any kind;
(3)- "benefit" includes a payment of any kind whether in tangible or intangible form;
(4)- "connected person" means any person who is connected directly or indirectly to another person and includes,-
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