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Commercialism - Law Dictionary Search Results

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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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