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Book value

Matched in: Term Book value

book value

Matched in: Term book value

King's Books

King's Books. They contain the Valor Beneficiorum-i.e., value of every ecclesiastical benefice and preferment, according to which valuation the first-fruits

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Place of business

godown or other place where a dealer stores his goods and any place where the dealer keeps his books of accounts. [Maharashtra Value Added Tax Act, 2002, s. 2(18)] Place of business, includes-- (i) in any case

Year

Bengal Value Added Tax Act, 2003, s. 2(58)] Means: (i) in relation to any dealer who maintains regular books of accounts, the year by reference to which the accounts are maintained by him; and (ii) in relation

stated value

Matched in: Term stated value

true value

Matched in: Term true value

Net-worth

(1 of 1986), s. 3 (1) (ga)] The concept of 'Net Worth' always denotes the excess of the book value of all assets over liabilities and market value of the assets is never taken into consideration; in fact

Depreciation

Means 'a decrease in value of property though wear, deterioration, or obsolescence, the allowance made for this in book-keeping, accounting, etc.' (Webster's New World Dictionary), Income Tax Commissioner v. Alps Theatre, AIR 1967 SC 1437 (1439). [Income

True-value rule

Matched in: Term True-value rule

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