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Performing specific services

Performing specific services, with reference to a trade, professional or similar association, the 'performing of specific services' under s. 10(6) of the Indian Income Tax Act, 1922, means confirming on

derivative action

suit brought by a shareholder on behalf of a corporation or by a member on behalf of an association to assert a cause of action usually against an officer which the corporation or association has itself failed

Business

660. S. 2(5) Excess Profit Tax Act, 1940. Business includes any activity carried on by a corporation or association and 'place of business' must be construed accordingly, Halsbury's Laws of England, Vol. 8(1), 4th Edn., Para 636,

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Cartel

CHARTEL. An agreement between or conventional grouping of producers of raw materials or goods. The cartel is an association of producers who by agreement among themselves to control production, sale and prices of the product to obtain

Owner

s. 3 (f)] In relation to an undertaking, means an individual Hindu undivided family, body corporate or other association of individuals, whether incorporated or not, or trust (whether public or private or whether religious or charitable) who

Charitable purpose

carrying on of any activity for profit', Additional Commissioner of Income Tax v. Surat Art Silk Cloth Manufacturers Association, Surat, (1980) 2 SCR 77: (1980) 2 SCC 31: AIR 1980 SC 387. The definition of 'charitable purposes'

Personal effects

effects, generally include such tangible property as is worn or carried about the person, or to designate articles associated with the person. Personal effects are used to designate articles associated with person, as property having more or

Goods

definition includes 'specially manufactured goods', Advent Systems Ltd. v. Unisys Corpn., 925 F. 2d 670 3d Cir 1991. Associated Cement Companies Ltd. v. Commissioner of Customs, AIR 2001 SC 862: (2001) 4 SCC 593. [Customs Act, 1962,

Unlawful activity

Unlawful activity, in relation to an individual or association, means any action taken by such individual or association (whether by committing an act or by words, either

Co-operative marketing business

Co-operative marketing business, means a business carried on by a co-operative association and consisting of or so much of larger business so carried on as consists of, the storage, preparation

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