Payment
Legal definition for Indian law research
Definition
Payment, is the act of paying, K.S. Bawa v. Director of Enforcement, (1990) Cr LJ 1068.
The payment of money before the day appointed is in law payment at the day; for it cannot, in presumption of law, be any prejudice to him to whom the payment is made to have his money before the time; and it appears by the party's receipt of it, that it is for his own advantage to receive it then, otherwise he would not do it, 5 Rep. 117. See the notes to Cumber v. Wane, (1719) in 1 Smith's L.C.
Payment is a recompense for service rendered, Bala Subrahmanya Rajaram v. B.C. Patil, AIR 1958 SC 518 (519): (1958) SCR 1504.
(ii) 'Payment' implies gift of money by someone to another. A partition in a H.U.F. can be considered either as 'disposition' or 'conveyance' or 'assign-ment' or 'settlement' or 'delivery' or 'payment' or 'alienation' within the meaning of those words in s. 2 (xxiv) of Gift Tax Act, 1958; Commissioner of Gift Tax v. N.S. Getty Chettiar, AIR 1971 SC 2410: (1972) 1 SCR 736: (1971) 2 SCC 741.
Means payment in money or money's worth but does not include any payment for defraying or reimbursing--
The cost of removing, transporting or preserving the human organ to be supplied; or
Any expenses or loss of earnings incurred by a person so far as reasonably and directly attribut-able to his supplying any human organ from his body. [Transplantation of Human Organs Act, 1994 (42 of 1994), s. 2 (k) (i) (ii)]
Payment signifies satisfaction of a claim, Parmeshri v. Atti, AIR 1958 Punj 79 (80). [Limitation Act, 1908, Art. 182(7)]
Means payment in money or money's worth but does not include any payment for defraying or reimbursing--
(i) the cost of removing, transporting or preserving the human organ to be supplied; or
(ii) any expenses or loss of earnings incurred by a person so far as reasonably and directly attributable to his supplying and human organ from his body. [Transplantation of Human Organs Act, 1994 (42 of 1994), s. 2(k)]
The payment of money before the day appointed is in law payment at the day; for it cannot, in presumption of law, be any prejudice to him to whom the payment is made to have his money before the time; and it appears by the party's receipt of it, that it is for his own advantage to receive it then, otherwise he would not do it, 5 Rep. 117. See the notes to Cumber v. Wane, (1719) in 1 Smith's L.C.
Payment is a recompense for service rendered, Bala Subrahmanya Rajaram v. B.C. Patil, AIR 1958 SC 518 (519): (1958) SCR 1504.
(ii) 'Payment' implies gift of money by someone to another. A partition in a H.U.F. can be considered either as 'disposition' or 'conveyance' or 'assign-ment' or 'settlement' or 'delivery' or 'payment' or 'alienation' within the meaning of those words in s. 2 (xxiv) of Gift Tax Act, 1958; Commissioner of Gift Tax v. N.S. Getty Chettiar, AIR 1971 SC 2410: (1972) 1 SCR 736: (1971) 2 SCC 741.
Means payment in money or money's worth but does not include any payment for defraying or reimbursing--
The cost of removing, transporting or preserving the human organ to be supplied; or
Any expenses or loss of earnings incurred by a person so far as reasonably and directly attribut-able to his supplying any human organ from his body. [Transplantation of Human Organs Act, 1994 (42 of 1994), s. 2 (k) (i) (ii)]
Payment signifies satisfaction of a claim, Parmeshri v. Atti, AIR 1958 Punj 79 (80). [Limitation Act, 1908, Art. 182(7)]
Means payment in money or money's worth but does not include any payment for defraying or reimbursing--
(i) the cost of removing, transporting or preserving the human organ to be supplied; or
(ii) any expenses or loss of earnings incurred by a person so far as reasonably and directly attributable to his supplying and human organ from his body. [Transplantation of Human Organs Act, 1994 (42 of 1994), s. 2(k)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.