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Lands Clauses Consolidation Act, 1845, (English)

of Compensation) Act, 1919, with modifications, are the Town and Country Planning Act, 1932, the Restriction of Ribbon Development Act, 1935, the Housing Act, 1936, and the Public Health Act, 1936. Very drastic reductions of compensation are … must be referred to an official arbitrator or to an agreed arbitrator or to an assessment by the Commissioners for Inland Revenue (s. 8 of 1919). Subject to the requirements of any particular statute, the (English) Land

Goodwill

described as the 'cement' binding together the business and its assets as a whole and a going and developing concern. A variety of elements goes into its making, and its composition varies in different trades and in … run and what the competition is, contribute also to the goodwill. S.C. Cambatta and Co. Pvt. Ltd. v. Commissioner of Excess Profits Tax, AIR 1961 SC 1010 (1012): (1961) 2 SCR 805. Goodwill denotes the benefit arising

Person

includes a firm, whether registered or not, or an association of persons whether incorporated or not. [Rajasthan Road Development Act, 2002, s. 2(c)] Person, includes a person accused of an offence, Shailendranath v. State, AIR 1995 Cal … Person, a Hindu Undivided Family is a person, Kshetra Mohan-Sannyasi Charan Sadhukhan v. Commissioner of Excess Profit Tax, West Bengal, AIR 1953 SC 516. According to company law it does not mean

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Sale price

(other than the tax charged separately under this Act and cess levied under the West Bengal Transport Infrastructure Development Fund Act, 2002 (West Beng. Act XXI of 2002) in respect of such goods, but does not include … given by the purchasers for the goods purchased by him, Delhi Cloth and General Mills Co. Ltd. v. Commissioner of Sales Tax, AIR 1971 SC 2216: (1971) 2 SCC 559: (1971) Supp SCR 945. (iii) 'sale price'

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