1961 Sections 2 2 And 21 - Law Dictionary Search Results
as is clause
the item for sale in its presently existing condition without modification or repair NOTE: Under Uniform Commercial Code section 2-316, an as is clause releases the seller from responsibility for the quality of the item for sale.
Entertainment tax
of the (English) Finance (New Duties) Act, 1916. 'Entertainment' is defined by s. 1(6). See also Finance (No. 2) Act, 1931 (21 & 22 Geo. 5, c. 49), s. 5, Sched. II., and A.-G. v. Arts Theatre
Quo ligatur, Enquiry Officer dissolvitur
Quo ligatur, Enquiry Officer dissolvitur. 2 Rol. Rep. 21, (By the same mode by which a thing is bound, by that is it released.)
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Net wealth
AIR 1976 SC 1492 (1494): (1976) 3 SCC 385: (1976) 3 SCR 1096. [Wealth Tax Act, 1957, ss. 2(m) and 21(5)] It means the amount by which the aggregate value computed in accordance with the provisions of
Concluded contract
leaves nothing to be settled by agreement between the parties, May and Butcher Ltd. v. R. (1929), (1934) 2 KB 17n (21) (HL).
Legal practitioner
practitioner, means an advocate [or vakil] or any High Court, a pleader, mukhtar or revenue agent. [Advocates Act, 1961 (25 of 1961), s. 2 (i)] It means an advocate entered in any roll under the provisions of … s. 2 (c)] It shall have the meaning assigned to it in clause (i) of sub-section (1) of section 2 of the Advocates Act, 1961. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (r)]
Approved charitable institution
10 or an institution referred to in clause (a) of sub-section (2) of section 80G. [Income Tax Act, 1961 (43 of 1961), s. 80E(3)(a)]. … may be, an institution established for charitable purposes and notified by the Central Government under clause (23C) of section 10 or an institution referred to in clause (a) of sub-section (2) of section 80G. [Income Tax Act,
Gross total income
part of the 'gross total income' within the meaning of section 109(iv) of the Act, Income Tax Act, 1961 ss. 2(24)(vi), 2(45), 45, 47(viii) and ss. 109(iv) & (i); Delhi Farming & Construction (P) Ltd. v. Commissioner … 1962, was totally exempt from s. 45. Con-sequently, it did not amount to 'income' within the scope of section 2(24)(vi) as there was no capital gain within the meaning of s. 45. It was also not to
Declaration
SCC 87: AIR 1992 SC 1183 (1187). [Maharashtra Agricultural Lands (Ceiling on Holdings) Act, 1961, s. 45(2) Proviso and 21& 33] A declaration which is inadmissible merely upon the ground of some informality, is a declaration within the … declaration which is inadmissible merely upon the ground of some informality, is a declaration within the meaning of sections 199 and 200. Indian Penal Code (45 of 1860), s. 200, Expl. It is a statement of material
Recognised stock exchange
such conditions as may be prescribed and notified by the Central Government for this purpose. [Income Tax Act, 1961 (43 of 1961), s. 43(5)(ii)] … Recognised stock exchange, means a recognised stock exchange as referred to in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and which fulfils such conditions as may
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