Section 3
The words "which begins at or after the commencement of this Act" omitted by s. 68 , ibid . (w.e.f. 12-9-2018).
3. The words "which begins at or after the commencement of this Act" omitted by s. 68 , ibid . (w.e.f. 12-9-2018).
(b) any compensation, damages or payments made voluntarily, that is to say, otherwise than in virtue of a liability such as is referred to in clause (m) of sub-section (4);
(c) loss of a capital nature including loss on sale of the undertaking or any of the undertakings of the company or of any part thereof not including any excess of the written-down value of any asset which is sold, discarded, demolished or destroyed over its sale proceeds or its scrap value;
(d) any change in carrying amount of an asset or of a liability recognised inequity reserves including surplus in profit and loss account on measurement of the asset or the liability at fair value.
Roop's Law Assist