Exemption - Law Dictionary Search Results
Home Dictionary Name: exemption Page: 2objection to exemptions
objection to exemptions A trustee's or creditor's objection to the debtor's attempt to claim certain property as exempt from liquidation by the trustee to creditors. Source: Administrative Office of the U.S. Courts ...
exempt
exempt : free or released from some obligation or duty to which others are subject : not subject or liable [certain properties are declared to be and cannot be taken by a person's creditors "J. H. Williamson"] vt : to release or exclude from some liability (as in taxation), obligation, or duty to which others are subject [s the income of a spendthrift trust "W. M. McGovern, Jr. et al."] ...
Exemptible
That may be exempted...
Tax exempt
Tax exempt, is not legally subject to taxation, Black's Law Dictionary, 7th Edn., p. 1474....
exempted security
exempted security see security ...
Immunity
Immunity, exemption, not likely to be affected.Immunity in short is no liability. It is an immunity from the legal power of some other person. The correlative of immunity is disability, Shanti Kumar R Chanji v. House Insurance Co. Ltd., AIR 1974 SC 1719 (1722).Immunity, is -- 'freedom or exemption from penality, burden or duty'. Immunity from prosecution under section 64 mean freedom from punishment during a proceeding instituted and carried on by law, Jasbir Singh v. Vipin Kumar Jaggi, AIR 2001 SC 2734. [See Narcotic Drugs and Psychotropic Substances Act (61 of 1985), s. 64]Means any exemption from a duty, liability, or service of process, esp., such an exemption granted to a public official, Black's Law Dictionary, 7th Edn., p. 752.Is an exemption or freedom from general obligation, duty, burden or penalty, Raja Ram Pal v. Hon'ble Speaker, Lok Sabha, (2007) 3 SCC 184....
privilege
privilege [Latin privilegium law affecting a specific person, special right, from privus private + leg- lex law] 1 : a right, license, or exemption from duty or liability granted as a special benefit, advantage, or favor: as a : an exemption from liability where an action is deemed to be justifiable (as in the case of self-defense) or because of the requirements of a position or office ;also : the affirmative defense that an action is privileged compare excuse absolute privilege : a privilege that exempts a person from liability esp. for defamation regardless of intent or motive ;specif : a privilege that exempts high public officials (as legislators) from liability for statements made while acting in their official capacity without regard to intent or malice qualified privilege : a privilege esp. in the law of defamation that may be defeated esp. by a showing of actual malice called also conditional privilege b : an exemption from a requirement to disclose information (as fo...
Subject to
Subject to, is an expression whereby limitation is expressed. The order is conclusive for all purposes, Ashok Leyland Ltd. v. State of Tamil Nadu, (2004) 3 SCC 1: (2004) 1 SCALE 224.Means 'under the condition that: we accept, subject to her agreement, Collin's English Dictionary, See also M.V. Shankar Bhat v. Claude Pinto, AIR 2004 SC 636.Means in case of a contract if it is intended that it would be operative subject to the execution of a former contract, there would be no concluded contract until such a condition was completed, Winn v. Bull, (1877) 7 Ch D 29.Means liable, subordinate, subservient, inferior, obedient to: governed or affected by: provided: answerable for, Black's Law Dictionary, 5th Edn., p. 1278.Means payment of debts etc., does not make the legatee personally liable, Re Cowley, 531 LT 494.Means subservient, inferior, obedient to; governed or affected by; provided that; answerable for, Black's Law Dictionary, 5th Edn., p. 1278.Means this expression introduces a condit...
Exempted establishment
Exempted establishment, means an establishment in respect of which an exemption has been granted under s. 17 from the operation of all or any of the provisions of any Scheme or the Insurance Scheme, as the case may be, whether such exemption has been granted to the establishment as such or to any person or class of persons employed therein. [Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (fff)]...
deduction
deduction 1 : an amount allowed by tax laws to be subtracted from income in order to decrease the amount of income tax due see also Internal Revenue Code in the Important Laws section compare credit, exclusion, exemption busi·ness deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for a contribution to a charity usually that is qualified under the tax law (as sections 170 and 2055 of the Internal Revenue Code) de·pen·den·cy deduction : a deduction allowed to be taken in a set amount for a qualified dependent (as under sections 151 and 152 of the Internal Revenue Code) itemized deduction : a deduction for a specifically recorded item that is allowed to be taken from adjusted gross income if the total of such deductions exceeds the standard deduction marital deduction 1 : a deduction allowed under th...
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