Skip to content

Commodity - Law Dictionary Search Results

Research workspace

Save terms and build your research trail

A free trial unlocks notes, tags, search history, and the full AI Studio desk for judgment research.

Consummation

the word 'consumption' has a wider meaning. It is not necessary that by the act of consumption the commodity must be destroyed or used up, Burma Shell Co. v. Belgaum Borough Municipality, AIR 1963 SC 906: 1963

Consumption and use

the word 'consumption' has a wider meaning. It is not necessary that by the act of consumption the commodity must be destroyed or used up, Burma Shell Co. v. Belgaum Borough Municipality, AIR 1963 SC 906: 1963

Money

freely from hand to hand throughout the community, in the final discharge of debts and full payment for commodities; being accepted equally without reference to the character or credit of the person who offers it, and without

Keep your definitions linked to case research

Money Bill

freely from hand to hand throughout the community, in the final discharge of debts and full payment for commodities; being accepted equally without reference to the character or credit of the person who offers it, and without

Business

a profit motive, and not for sport or pleasure. Whether a person carries on business in a particular commodity must depend upon the volume, frequency, continuity and regularity of transaction of purchase and sale in a class

Common gaming house

house' means-- (i) in the case of gaming-- (a) on the market price of cotton, opium or other commodity or on the digits of the number used is stating such price, or (b) on the amount of

Monger

dealer or seller. It is seldom or never used alone, or otherwise than after the name of any commodity, to express a seller of such commodity. Also, a little fishing vessel, 13 Eliz. c. 11.

Raw material

v. Ballarpur Industries Ltd., AIR 1990 SC 196. Raw material, is something from which another new or distinct commodity can be produced. When it is used in a taxing statute, it may have related meaning depending on

Speculative transaction

Act defines a speculative transaction as 'a transaction in which a contract for purchase and sale of any commodity including stocks and shares is periodically or ultimately settled otherwise than by the actual delivery or transfer of

Value added tax

Value added tax. A tax assessed at each step in the production of a commodity, based on the value added at each step by difference between the commodity's production cost and its selling

  • Last »

Try the research workspace - 7 days free


AI Briefs · Semantic Search · Save & annotate judgments

Start your 7-day free trial