Earned Income - Law Dictionary Search Results
earned
Matched in: Term earned
For the purpose of the business
dues and taxes imposed as a pre-condition to commence or for carrying on of a business, Commissioner of Income Tax v. Malayalam Plantations Ltd., AIR 1964 SC 1722: (1964) 7 SCR 693. … the expression 'for the purpose of the business' is essentially wider than the expression 'for the purpose of earning profits.' It covers not only the running of the business or its administration but also measures for the
Gratuity
v. Workmen, AIR 1960 SC 251: (1960) 2 SCR 32. Gratuity is a retiral benefit and can be earned as a matter of right on fulfilling the conditions subject to which it is earned, any rule conferring … Gratuity, it is a kind of retirement benefit like the provident fund or pension. At one time it was treated
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Vagrants
Vagrancy Act, 1898, amended by the Criminal Law Amendment Act, 1912, s. 7, as to men living on earnings of prostitution; and by (English) Poor Law Act, 1930, s. 150, as to obtaining relief by falsehood. It … embodying, mitigating, and extending numerous former provisions, is the (English) Vagrancy Act, 1824 (5 Geo. 4, c. 83). It has been extended by the Vagrancy Act, 1838, as to re-commitment on failure to prosecute, appeal, and exhibition
bond
on which payment of interest or principal or both is guaranteed by a corporation other than the issuer income bond : a bond that pays interest at a rate based on the issuer's earnings junk bond : … a prior obligation as part of a business reorganization and on which interest payments are usually contingent upon earnings ba·by bond : a bond having a face value of usually $500 or less bearer bond : a
Income-tax
Matched in: Term Income-tax
Income
Matched in: Term Income
unearned income
Matched in: Term unearned income
Income or net income
Matched in: Term Income or net income
Charitable purpose
utility without the additive words 'not involving the carrying on of any activity for profit', Additional Commissioner of Income Tax v. Surat Art Silk Cloth Manufacturers Association, Surat, (1980) 2 SCR 77: (1980) 2 SCC 31: AIR … of 1961), ss. 2(15) and 11] Where the predominant object is to subserve charitable purpose and not to earn profit, it would be a charitable purpose. The rulings arising out of IT Act may not be of
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