Commercialism - Law Dictionary Search Results
Property
included in the ordinary connotation of the word 'property', Chunni Lal v. State, AIR 1968 Raj 70. In commercial law this may carry its ordinary meaning of the subject-matter of ownership. But elsewhere, as in the sale
Residential house
Residential house, must be treated as including a flat constructed above the commercial plot on the ground floor. This will be so even if originally the plot was allotted for commercial
Shop
62. [Bombay Shops and Establishments Act, 1948, s. 2(27)] Shop, an agency is neither a shop nor a commercial establishment, State v. Brijlal Gulati, AIR 1961 All 79. Shop, is a place where services are sold on
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Turnover
or on account of others whether for cash or for deferred payment or for other valuable consideration, Joint Commercial Tax Officer v. Young Men's Association (Regd.), AIR 1970 SC 1212 (1215): (1970) 1 SCC 462: (1970) 3
Smallness of profit
with 'assessable income.' Smallness of the profit in s. 23A has to be adjudged in the light of commercial principles and not in the light of total receipts, actual or fictional, Commissioner of Income Tax v. Bipinchandra
Service
available to potential users and includes the provision of services in connection with business of any industrial or commercial matters such as banking, communication, education, financing, insurance, chit funds, real estate, transport, storage, material treatment, processing, supply
Order
2337. The word 'order' which appears in a statute dealing with sales tax must be understood in a commercial sense, that is, in the sense in which traders and commercial men will understand it. In commercial sense
Law merchant
developed in Europe during the Middle Ages and regulated the dealings of mariners and merchants in all the commercial countries of the world until the 17th century. Many of the law merchant's principles came to be incorporated
In the manufacture of goods
with the ultimate production of goods that but for that process, manufacture or processing of goods would be commercially inexpedient, goods required in that process would, in our judgment, fall with in the expression 'in the manufacture
law merchant
law merchant : the commercial rules developed under English common law that influenced modern commercial law and that are referred to as supplementing
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