Actual - Law Dictionary Search Results
Home Dictionary Name: actualActual cost of an asset
Actual cost of an asset, the 'actual cost' referred to is not the actual cost as originally determined at the time of acquisition. Actual cost may be subject to certain modifications and alterations Saharanpur Electric Supply Co. Ltd. v. CIT (1992) 2 SCC 736 (750): (1992) 1 SCR 117....
Actual delivery of possession
Actual delivery of possession, expression 'actual delivery of possession' can be that actual delivery as contrasted with mere dealing in differences and such actual delivery of possession included within its scope symbolical as well as constructive delivery of possession, Duri Chand Pataria v. Bhuwlka Brothers Ltd, AIR 1955 SC 182 (187). [W. B. Jute Goods Future Ordinance (5 of 1949), s. 2(i)(b)(i)]...
Actually allowed
Actually allowed, the expression 'actually allowed' is unambiguous and connotes the idea that the allowance was actually given effect to, CIT v. Straw Products, AIR 1966 SC 1113 (1116). [Taxation Laws (Merger States) (Removal of Difficulties Order) (1949)]Actually allowed, does not mean notionally allowed, Commissioner of Income Tax v. Mahendra Mills, (2000) 3 SCC 615....
Depreciation actually allowed
Depreciation actually allowed, the expression 'all depreciation actually allowed under any laws or rules', and the expression 'actually allowed' is unambiguous and connotes the idea that the allowance was actually given effect to, C.I.T. v. Straw Products Ltd., AIR 1966 SC 1113: (1962) 2 SCR 881...
Actual bodily harm
Actual bodily harm. 'An assault occasioning actual bodily harm' is an offence within s. 47 of the Offences against the Person Act, 1861 (English). On an indictment for an assault occasioning actual bodily harm the accused may be convicted of a common assault, R. v. Oliver, (1860) 30 LJMC 12. A husband, who, whilst suffering from venereal disease, had marital intercourse with his wife and thereby infected her, cannot be convicted under this section, R. v. Clarence, (1888) 22 QBD 23. The expression is also used in the Dangerous Performances Acts, 1879 and 1897. See also BODILY HARM....
Actually worked
Actually worked, The expression 'actually employed' in Explanation I to s. 2(c) of the Act must, in the context in which it appears, mean 'actually worked', Lalappa Lingappa v. Laxmi Vishnu Textile Mills Ltd., AIR 1981 SC 852 (855): (1981) 2 SCR 796. [Payment of Gratuity Act, s. 2 (c) (39 of 1972)]...
Actual authority
Actual authority, means the authority that a principal intentionally confers on an agent, including the authority that the agent reasonably believes he or she has as a result of the agent's dealings with the principal. Actual authority can be either express or implied, Black Law Dictionary, 7th Edn., p. 27....
Actual change of possession
Actual change of possession, means a real, rather than constructive, transfer of ownership. A creditor of the transferor cannot reach property that has actually changed possession, Black Law Dictionary, 7th Edn., p. 36....
Actual cost
Actual cost, The accepted accountancy rule for determining the cost of fixed assets is to include all expenditure necessary to bring such assets into existence and to put them in working condition. In case money is borrowed by a newly started company which is in the process of constructing and erecting its plant, the interest incurred before the commencement of production on such borrowed money can be capitalised and added to the cost of the fixed assets which have been created as a result of such expenditure. The above rule of accountancy should, in our view, be adopted for determining the actual cost of the assets in the absence of any statutory definition or other indication to the contrary, Challapalli Sugar Limited v. Commissioner of Income Tax, (1975) 3 SCC 572: AIR 1975 SC 97 (101)....
Actual physical control
Actual physical control, means direct bodily power over something esp. a vehicle. Many jurisdictions require a showing of 'actual physical control' of a vehicle by a person charged with driving while intoxicated, Black Law Dictionary, 7th Edn., p. 36....
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