Deductive - Law Dictionary Search Results

Deducement

Inference deduction thing deduced

Concludency

Deduction from premises inference conclusion

Keep your definitions linked to case research

Allowance [fr. locare, Lat.; allocare, allogare, It.; alogar, Prov.; louer, allouer, Fr., to place or assign], a deduction, an average payment, a portion. Also in selling goods, or in paying duties upon them, certain deductions are

trust

bypass trust is to reduce the surviving spouse's taxable estate. Such trusts do not qualify for the marital deduction. charitable lead trust [-lēd-] : a trust in which a charity is named as the beneficiary for a

expense

expense is incurred compare capital expense and personal expense in this entry NOTE: Business expenses are generally tax deductible in the year the expense is incurred. capital expense : an expense made in a business that will

Ratiocination

The process of reasoning or deducing conclusions from premises deductive reasoning

Turnover of purchases

prices payable by such occupier for the quantities of raw jute purchased by him during such period after deducting the amounts, if any, refunded to him by the seller during such period in respect of any quantity

Wholly and exclusively for purposes of such business

for purposes of such business, the expenditure of a capital nature is certainly not an expenditure which is deductible for computing profits though it may be an expenditure wholly and exclusively laid out for the purposes of

Wholly and exclusively

necessity and if it is incurred for promoting the business and to earn profits, the assessee can claim deduction under s. 10(2)(xv) of the Act even though there was no compelling necessity to incur such expenditure. It

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