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Investment

Legal definition for Indian law research

Definition

Investment, means in common parlance, putting out money on interest, either by the way of loan, or by the purchase of income producing property, Commissioner of Income Tax v. U.P. Co-operative Federation Ltd., AIR 1989 SC 915 (919): (1989) 1 SCC 747: (1989) 1 SCR 586.

Investment means an investment in units of the Unit Trust or a Mutual Fund by an assessee under a plan formulated in accordance with this Scheme. [Equity Linked Savings Scheme, 2005, s. 2(c)]

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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