Earned Leave - Law Dictionary Search Results
Home Dictionary Name: earned leaveEarned leave
Earned leave, performance of duty is the basis of earning leave, Union of India v. Gurnam Singh, (1982) 2 SCC 314: AIR 1982 SC 1265: (1982) 3 SCR 700....
Total full time earning
Total full time earning, it can only mean the earnings he earns in a day by working full time on that day, the full time to be in accordance with the period of time given in the notice displayed in the factory for a particular day. This is further apparent from the fact that any payment for overtime or for bonus is not included in computing the total full time earnings, Shankar Balaji Waje v. State of Maharashtra, AIR 1962 SC 517 (523): 1962 Supp (1) SCR 249; see also Manglore Ganesh Beedi Works v. Union of India, AIR 1974 SC 1832. [Factories Act, 1948, s. 80]...
Earned surplus
Earned surplus, it represents a specific account into which are added the net profits of the year and appropriations are made out of it and the balance is regarded as 'earned surplus' at the end of the year. This account is specifically allocated for utilisation for the purpose of business year after year. It is an account in which the net profits less the appropriations are added, and the account is intended for application in extending the business of the assessee company. The amounts entered in the account 'earned surplus' cannot be regarded as mere unallocated profits at the end of the accounting year, CIT v. Standard Vacuum Oil Company, AIR 1966 SC 1393: (1966) 2 SCR 367. [Business Profits Tax Act, 1947, Sch. II, R. (2) and (3)]...
advance earned income credit
advance earned income credit Prepayments of the earned income credit by an employer to an employee. ...
earnings
earnings 1 : something (as wages or dividends) earned as compensation for labor or the use of capital 2 : the balance of revenue for a specified period that remains after deducting related costs and expenses incurred compare profit ...
earnings per share (eps)
earnings per share (eps) a corporation's profit that is divided among each share of common stock. It is determined by taking the net earnings divided by the number of outstanding common stocks held. This is a way that a company reports profitability. Source: U.S. Department of Housing and Urban Development ...
retained earnings
retained earnings : earned surplus at surplus ...
Earning
That which is earned wages gained by work or services money earned used commonly in the plural...
Leave
Leave, having regard to the language of Rule 123 doubtless the word 'leave' has been used as a verb and not as a noun. Taking the word in its ordinary parlance if used as a verb it clearly connotes that the candidate should have given up the job or quitted the service or severed all connections with the post that he was holding. If the word 'leave' would have been used as a noun in the sense of obtaining leave or furlough then the concept of permission would undoubtedly have to be considered. In Black's Law Dictionary, Revised Fourth Edition at p. 1036 the author referring the case of Landreth v. Casey, 340 III 519; 173 NE 84 (85) observes as follows: 'Wilful departure with intent to remain away, and not temporary absence with intention of returning.' To the same effect is the definition of the word 'leave' when used as a verb in Webster's New International Dictionary at p. 1287 where it has been defined as meaning 'desert, abandon, forsake, to give up the practice, to quit service and...
accumulated earnings tax
accumulated earnings tax : a tax levied on the taxable income of a corporation that is accumulated by the corporation rather than distributed to shareholders and that is not retained for the reasonable needs of the business ...
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