Finance Act 1965 Section 77 - Law Dictionary Search Results
securities act of 1933
securities act of 1933 The federal securities act regulating the initial public offering (IPO) of securities. (15 U.S.C. Sec. 77) … securities act of 1933 The federal securities act regulating the initial public offering (IPO) of securities. (15 U.S.C. Sec. 77) Source: FindLaw
Levy
and collection of income tax The expression 'levy, assessment and collection of income-tax' in section 13(1) of the Finance Act, 1950, was wide enough to comprehend re-assessment proceedings under section 34 of the Income Tax Act, 1922, Income
Award
includes an arbitration award made under section 10A of that Act or under that law. Payment of Bonus Act, 1965 (21 of 1965), s. 2(7). The expression 'award' is to be distinguished from the expression 'decree', Union of
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Betting
misdemeanour punishable by imprisonment or fine, or both. Betting duties were imposed by ss. 15-18 of the (English) Finance Act, 1926, but the duties chargeable on bets made with a bookmaker were repealed by the (English) Finance Act, … totalisator was legalised under certain conditions by the (English) Racecourse Betting Act, 1928; which Act also contained a section (which is now repealed except as to Northern Ireland) dealing with bets made with persons under seventeen). The … gets rid of the decision in Real v. Anderson, (1884) 13 QBD 779; and see Tatam v. Reeve, (1893) 1 QB 44; and De Mattos
Debt owed
or the Income-tax Act, 1961, as the case may be, and not a new liability created by the Finance Act, and, therefore, it constituted a 'debt owed' by the assessee on the respective valuation dates within the meaning … the net wealth of the assessee, Ahmed Ibrahim Sahigra Dhoraji v. Commissioner of Wealth Tax, (1981) 3 SCC 77: AIR 1981 SC 1562: (1981) 3 SCR 402. A 'debt owed' within the meaning of, s. 2(m) of
By contract or otherwise
of Estate Duty, (1967) 1 SCR 1004: AIR 1967 SC 849 (851): (1967) 63 ITR 497. (Estate Duty Act, 1965, s. 10) … the entire exclusion of the donor' in the first limb. In other words, in order to attract the section it is not necessary that the possession of the donor of the gift must be referable to some
Appropriate government
any other establishment, the Government of the State in which that other establishment is situate. [Payment of Bonus Act, 1965 (13 of 1985), s. 2 (5) (i) (ii)] Means--(i) in relation to the Central Administrative Tribunal or a … Appropriate government, means in relation to public authority which is established, constituted, owned, controlled or substantially financed by funds provided directly or indirectly-- (i) by the Central Government or the Union Territory administration, the Central
Receipt
ad valorem, until 1853, when the uniform 1d. rate was imposed; this was increased to 2d. by the Finance Act, 1920. For the purposes of the Stamp Act, 1891, the expression 'receipt' is defined (s. 101) as including-- … receipt form sometimes indorsed upon a cheque or other bill of exchanges requires a 2d. stamp under this section, Midland Bank v. Inland Rev. Commissrs., (1927) 2 KB 465. A receipt may also be stamped with an
Employer
to a manager, managing director or managing agent, such manager, managing director or managing agent. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (14)] Means any person who employs one or more other persons to do … incorporated or not, but excluding any fund or trust or institution eligible for exemption under clause (23C) of section 10 or registered under section 12AA; (iv) a local authority; and (v) every artificial judicial person, not falling
Salary or wages
any ex gratia payment made to him; (vii) any commission payable to the employee. [The Payment of Bonus Act, 1965 (21 of 1965), s. 2 (21)] The decision whether the retaining allowance forms part of 'salary or wage' … or pledge, State of Madhya Pradesh v. Orient Paper Mills Ltd., AIR 1977 SC 687: (1977) 2 SCC 77: (1977) 2 SCR 149. If all his principals jointly authorise him to pool their goods and sell them
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