Concession - Law Dictionary Search Results
Home Dictionary Name: concessionPrivilege and concession
Privilege and concession, a privilege has been defined as a particular and peculiar benefit or advantage enjoyed by a person, and a concession as a form of privilege. An option to purchase or repurchase has been held to be such a privilege or concession, V. Pechimuthu v. Gowrannal, AIR 2001 SC 2446 (2449): (2001) 7 SCC 617....
Concession
Concession, the common dictionary meaning of the word 'concession' is 'the act of yielding or conceding as to a demand or argument, something conceded; usually implying a demand, claim, or request, 'a thing yielded', 'a grant', Indian Aluminium Co. Ltd. v. Thane Municipal Corpn., 1992 Supp (1) SCC 480: AIR 1992 SC 53 (57). [Maharashtra Municipalities (Octroi) Rules (1968), R. 4(2)]1. The voluntary yielding to a demand for the sake of a settlement 2. International Law. A contract in which a country transfers some rights to a foreign enterprise, which then engages in an activity (such as mining) contingent on State approval and subject to the terms of the contract, Black's Law Dictionary, 7th Edn.Is a thing that is conceded, a gesture made in recognition of demand or prevailing standard, a reduction in price for certain category of person, Arun Kumar v. Union of India, 2006 (12) JT 121 [As per Concise Oxford English Dictionary]...
concession
concession 1 : an act or instance of conceding or yielding 2 : something conceded: as a : acknowledgment admission b : something granted esp. as an inducement (as to enter into an agreement) c : a grant of real property esp. by a government in return for services or for a particular use (as settlement) d : a right to undertake a specified activity for profit on another's real property [a logging ] e : a lease that grants a right to engage in a profitable activity on another's real property ;also : the property or portion of the property subject to such a lease ...
Unbounded sugarcane
Unbounded sugarcane, it must be stated however, that neither the expression 'bonded sugarcane' nor 'unbonded sugarcane' has been defined either in the statue or in the U.P. Sugarcane Supply and Purchase Order, 1954 and, therefore, regard must be had to the ordinary dictionary meaning of the said expressions. In shorter Oxford English Dictionary the legal and technical meaning of the expression 'bond' is given as 'a deed by which the obligor binds himself, his heirs, executors, or assigns to pay a certain sum to the oblige.' In stroud's judicial Dictionary (4th Edn.) the expression 'bond' is explained as: an obligation by deed'. It will thus be clear that the expression 'bonded sugarcane' must mean sugarcane secured by a bond or deed. Under the Notification of the Cane Commissioner dated June 1, 1955 certain deductions from the minimum price per maund of cane fixed for the season 1954-55 had been notified in respect of the 'Unbonded sugarcane' crushed on or after May 1, 1955 In other wo...
Qui concedit aliquid, concedere videtur et id sine quo concessio est irrita, sine quo res ipsa esse non potuit
Qui concedit aliquid, concedere videtur et id sine quo concessio est irrita, sine quo res ipsa esse non potuit. 11 Co. 52, (He who conceded anything is considered as conceding that without which his concession would be void, without which the thing itself could not exist)....
Compromise
Compromise, an adjustment of claims in dispute by mutual concession; also a mutual promise of two or more parties at difference to refer the ending of their controversy to arbitrators. As to the authority of counsel to compromise an action, see Neale v. Gordon-Lennox, 1902 AC 465; and of solicitor, see Fray v. Voules, (1859) 1 E&E 839; and Macaulay v. Polley, (1897) 2 QB 122.Means settlement of difference by mutual con-cessions, State of Punjab v. Ganpat Raj, (2006) 8 SCC 364.Means settlement of difference by mutual concessions, State of Punjab v. Phulan Rani, (2004) 7 SCC 555.Compromise, between the parties means that there is some element of give and take on both sides, Ram Lakhan Chaudhary v. Haridwar Chaudhary, 2005 (12) SCC 383 [Civil Procedure Code, 1908, O. 23, r. 3]Is always bilateral and means mutual adjustment, Haryana Urban Development Augthority v. S.P. Jain, AIR 2004 SC 4105....
Exemption
Exemption, immunity; freedom from imposts; a privilege to be free from service or appearance.Freedom from a duty, liability or other requirement, Black's Law Dictionary, 7th Edn., p. 594.The words 'exemption' or other modification are wide enough to enable the Central Government to give rebate such as has been allowed under the Concession Order, Commissioner of Income Tax v. Anant Rao B. Kamat, AIR 1966 SC 279: (1964) 8 SCR 263.Is the freedom or release from a liability, obligation, Webster American Dictionary, p. 405.Under the Constitution of India execution is available to the property of the Union from State taxation, Constitution of India, Art. 285.Is available from taxes on electricity, Constitution of India, Art. 287.Applies only to the extent the trade or business is incidental to the ordinary functions of the Govern-ment, Constitutions of India, Art. 289(3).Is the privilege of being excepted, excused, freed from the operation of a law, A Dictionary of Law, William C. Anderson, ...
Founder of the institution
Founder of the institution, the expression 'founder of the institution' used in s. 13(3) (a) means that the person concerned should be the originator of the institution, or at least one of the persons responsible for the coming into existence of the institution. Director of Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741 (757). [Income-tax Act, 1961, s. 13(3) (a)]Founder's shares, in English company law, shares issued to the founders of or vendors to, a public company as a part of the consideration for the business, or concession etc., taken over, and not forming a part of, the ordinary capital, (Corpus Juris Secundum, Vol. 37, p. 37). See also Director of Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741....
Misconception of court
Misconception of court, misconception by the Court of a concession made by the advocate or of the attitude taken up by the party appears to be a ground analogous to the grounds set forth in the first part of the review s. and affords a good and congent ground for review, Moran Mar Basselios Chatolicos v. Most Rev. Mar Poulouse Athaneius, (1955) 1 SCR 520: AIR 1954 SC 526 (543). (Civil PC, 1908 Order 47, Rule 1)...
Sourandayam manibam poruppu
Sourandayam manibam poruppu, Sourandayam manibam poruppu is revenue payable in money at a concession, Roman Catholic Mission v. State of Madras, AIR 1966 SC 1457 (1461)....
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