Co V State - Law Dictionary Search Results
Debt
debt due to - (i) the Central Government or Government of any State; (ii) a local authority; (iii) a scheduled bank; (iv) a co-operative society; … or certain sum of money affirmed to be due to him; and it was generally founded on some contract alleged to have taken place between the parties, or on some matter of fact from which the law … executor or administrator being personally liable for any excessive expenditure. What is a strictly reasonable and necessary sum varies with the circumstances of each particular estate, and the price of the requisite Articles at the particular place.
Corporation
1908), s. 20 Expl. II] Has no right under Art. 19 of the Constitution of India, Tata Engineering Co. v. State of Bihar, AIR 1965 SC 40. Has a legal entity separate from that of its holders, Chiranji Lal
Excise duty
tax on goods and not on sales or the proceeds of sale of goods, Tata Iron and Steel Co. v. State of Bihar, AIR 1958 SC 452 (459). (Constitution of India, Sch. VII, List I, Entry 84) A duty
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Consumption and use
connote any kind of user which is ordinarily spoken of a consumption of there particular commodity, Anwarkhan Mehboob Co. v. State of Bombay, AIR 1961 SC 213 (217): (1961) 1 SCR 709. A manufacturer also consumes commodities which are
Consummation
connote any kind of user which is ordinarily spoken of a consumption of there particular commodity, Anwarkhan Mehboob Co. v. State of Bombay, AIR 1961 SC 213 (217): (1961) 1 SCR 709. A manufacturer also consumes commodities which are
Account stated
debts charged in the account, as, for instance, by proving mistake (among other ordinary defences); Camillo Tank Steamship Co. v. Alexandria Engineering Works, (1921) 38 TLR 134. For statutory power to re-open an account stated, see MONEY LENDERS … Account stated, An account stated is the admission of a balance due from one party to another, and that balance
Public policy
treacherous ground for legal decision, Richardson v. Mellish, (1824) 2 Bing 229: 130 ER 294; SB Fraser & Co. v. Bombay Ice Manufacturing Co., (1905) ILR 29 Bom 107. Public policy, is however, illusive, varying and uncertain. It … 55. Public policy, is a principle of judicial legislation or interpretation founded current needs of the community, Murlidhar v. State, AIR 1974 SC 1924. Public policy, is always an unsafe and treacherous ground for legal decision, Richardson v.
Shall
'shall' is mandatory it can be interpreted as directory if the context and intention otherwise demands, Sainik Motors v. State of Rajasthan, AIR 1961 SC 1480 (1485): (1962) 1 SCR 517. (iii) It is needless to add that … Shall, a word of slippery semantics in a rule is not decisive and the context of the statute, the purpose of the prescription, the public injury in the event of neglect of the
Capital
Capital [fr. Capitalis; caput, Lat.]. The corpus of property of any description which may or may not be the source of a periodical or other … shares. It implies nothing more than that the company is possessed of money or assets of a stated value at the company's own valuation which may be, and often is, exaggerated or illusory. Working capital means the … in different senses. Nominal capital is the capital of a company so stated for the purposes of division into shares. It implies nothing more than
Tax
(1975) 3 SCR 475. Tax includes fee in the wider sense of the term, Southern Pharmaceuticals and Chemicals v. State of Kerala, AIR 1981 SC 1863: (1981) 4 SCC 391: (1982) 1 SCR 519. The rural employment cess … Some general principles of taxation have been said to be:- (1) The subjects of every State ought to contribute to the support of the Government as nearly as possible in proportion to their respective abilities; that is,
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