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[Cites 0, Cited by 342] [Section 43] [Entire Act]

Union of India - Subsection

Section 43(3) in The Income Tax Act, 1961

(3)"plant" includes ships, vehicles, books, scientific apparatus and surgical equipment used for the purposes of the business or profession but does not include tea bushes or livestock [or buildings or furniture and fittings] [ Inserted by Act 32 of 2003, Section 20 (w.e.f. 1.4.2004).];