Allow - Law Dictionary Search Results
Home Dictionary Name: allowAllowance
Allowance [fr. locare, Lat.; allocare, allogare, It.; alogar, Prov.; louer, allouer, Fr., to place or assign], a deduction, an average payment, a portion.Also in selling goods, or in paying duties upon them, certain deductions are made from their weights, depending on the nature of the packages in which they are inclosed, and which are regulated in most instances by the custom of merchants, and the rules laid down by public offices. These allowances, as they are termed are distinguished by the epithets draft, tare, tret, and cloff.Draft is a deduction from the original or gross weight of goods, and is substracted before the tare is taken off.Tare is an allowance for the weight of the bag, box, cask, or other package in which goods are weighed.Real, or open tare, is the actual weight of the package.Customary tare is, as its name implies, an established allowance for the weight of the package.Computed tare is an estimated allowance agreed upon at the time.Average tare is when a few packa...
allowance for bad debts
allowance for bad debts Your best guess at how much of your accounts receivable will not be collectable. In other words, your best guess at how much of your accounts receivable will be "bad debts." An "allowance for bad debts" account is kind of like a savings account for bad debts. Your company puts money into it on a periodic basis (usually monthly) as an expense of the company. When you decide that a particular account is not collectable, you tap the allowance for bad debts account to pay for the bad debt. Because you already made the allowance for bad debts, your profit and loss statement will not be out of whack in the particular month that you decide to "write-off" a particular account. Your company's accounting entries to "write off" a $500 account that you have decided is not collectable would look something like this: a debit to your allowance for bad debts account in the amount of $500 and a credit to your accounts receivable account for $500. ...
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...
notice of allowance
notice of allowance A written notification from the USPTO that a specific mark has survived the opposition period following publication in the Official Gazette, and has consequently been allowed for registration. It does not mean that the mark has registered yet. Receiving a notice of allowance is another step on the way to registration. Source: U.S. Patent and Trademark Office ...
Make allowance
Make allowance, the words 'make allowance' occurring in the proviso to clause 3(1) of the Order mean that deduction in or abatement of the price to be paid by the Government can be allowed by the requiring authority if the quality of the paddy is found to be poor or the Government has to incur any packing or weighing charges, Ram Chandra Pal v. Hiramba Kumar Pal, AIR 1952 Cal 502....
Trade allowance
Trade allowance, the question whether a particular payment is a trade allowance or not, depends upon the facts of each case. Firstly, it must be a deduction in any transaction in respect of commercial crops. If it is a deduction out of the price or commodity agreed to be paid or transferred, it would be a trade allowance. On the other hand, if the payment is 'de hors' the terms of the transaction but made towards consideration for the use of the premises or services rendered, it would not be a deduction from the price or in any transaction, M.C.V. S. Arunachala Nadar v. State of Madras, AIR 1959 SC 300 (308). (Madras Commercial Crops Markets Act, 1933, s. 14)...
allowance
allowance 1 : an allotted share: as a : a sum granted as a reimbursement or payment for expenses [an to support the deceased's family] [deduction for a moving ] b : a sum granted as a reduction or increase [an for depreciation] 2 : an act of allowing [ of a deduction] ...
Dearness allowance
Dearness allowance, it is inextricably intertwined with price rise, it being an attempt to compensate loss in real wages on account of price rise considered as a passing phenomenon by compensation, Workmen Employed by M/s. Indian Oxygen Ltd. v. Indian Oxygen Ltd., AIR 1986 SC 125: (1985) SCR 111.The whole purpose of dearness allowance being to neutralise a portion of the increase in the cost of living, it should ordinarily be on a sliding scale and provide for an increase on rise in the cost of living and a decrease on a fall in the cost of living. 1961 (2) LLJ 352 quoted, Hindustan Times v. Their Workmen, AIR 1963 SC 1333 (1338)....
May have been allowed to officiate continuously
May have been allowed to officiate continuously, The words 'may have been allowed to officiate continuously' in clause (e) of Rule 16 mean actual and continuous officiation and not a fortuitous or fictional officiation. A notional construction of the clause would lead to anomalous results, State of Bihar v. Madan Mohan Prasad, AIR 1976 SC 404: (1976) 1 SCC 529: (1976) 3 SCR 110. [Bihar Superior Judicial Service Rules, R. 16 (e)]...
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