Deductive - Law Dictionary Search Results
Salvage-loss
Salvage-loss, the difference between the amount of salvage, after deducting the charges, and the original value of the property.
Sale price
some other form) involved in the execution of a works contract, such amount as is arrived at by deducting from the amount of valuable consideration paid or payable to a person for the execution of such works
Salary
payment of taxes or payments or repayments to a provident fund, even though these may be recovered by deduction from his salary, Umar Khan v. Abdul Wahid Nafix Khalili, AIR 1943 Lah 60. 'Salary' means the total
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Rateable value of a building
might reasonably expect to get from a hypothetical tenant, if the building were let from year, less certain deductions. What is reasonable is a question of fact and it depends on the facts and circumstances of a
Purchase price
some other form) involved in the execution of a work contract, such amount as is arrived at by deducting from the amount of valuable consideration paid or payable by a person for the execution of such works
Income or net income
not capital. It is gain derived from capital or labour or both. Net income is income obtained after deducting all expenses incurred for the purpose of earning the income. It is income minus operating expenses, D.C.M. v.
Profit
SCC 870; Revenna Subanna v. GS Kaggerappa, AIR 1954 SC 653. Means whatever the company finally earns after deducting all the expenditure and it goes to the company, State of Maharashtra v. Chandrakant Solanki, 1995 Cr LJ
Presumptive title
assumption is based on the well-known feudal maxim that seisin must be the basis or standpoint in the deduction of every title except in the case of descent.
Poundage
Poundage, a certain sum deducted from or added to each pound of any sum of money recovered by one person for another, to
Personal expenses
his personal needs, such as clothes, food, etc. or purposes not related to the business for which the deduction is claimed, State of Madras v. G.J. Coelho, AIR 1965 SC 321: (1964) 8 SCR 60: (1964) 2
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