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,-