Annual Charge
Legal definition for Indian law research
Definition
Annual charge, the words 'annual charge' mean charge to secure an annual liability, New Piece Goods Bazaar Co Ltd. v. CIT, AIR 1950 SC 165 (167). [Income-tax Act (11 of 1922) s. 9(1)(iv)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.