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Resale and sale

which does not limit it to a sale inside the territory of Delhi. S. 5(2)(a)(ii) of the Bengal Finance (Sales Tax) Act, 1941 does not seek to impose any tax on resale, Polestar Electronic (Pvt.) Ltd. v.

Rebate

in s. 16(2) of the Income Tax Act, 1922 not only relates to rebate granted under the Indian Finance Act but is wide enough to include any rebate which may be granted by other statutory orders--The word

Marketing

as buying and selling, physical functions such as storage, transportation, processing and other commercial activities such as standardisation, financing, marketing intelligence etc. Such activities can be carried on by an Apex Society rather than a primary society,

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Quasi-autonomous non-governmental organization

Quasi-autonomous non-governmental organization, means a semipublic administrative body having some members appointed and financed by, but not answerable to, the government, such as a tourist authority, a university grants commission, a price-and-wage

Purchaser

in which the majority of the Court held that the word 'purchase' in s. 14 (1) of the Finance (1909-10) Act, 1910, meant 'buy' in the ordinary commercial sense: and the same meaning was attributed to in

Probate duty

duty is payable by a person acting as executor and not obtaining probate within six months. The (English) Finance Act, 1894, substitutes an estate duty, to which both real property and personal property are liable, for probate

Plant

KB 431, and Daphne v. Shaw (1926) 53 TLR 45. 'Plant' does not include solicitors' books under the Finance Act, 1925, s. 16. For the meaning under the (English) Rating and Valuation Acts, 1925 and 1929, consult

Perry

Perry, a drink made from the juice of pears fermented. The (English) Finance (1909-10) Act, 1910, provides that any reference to cider shall include a reference to perry.

Perfect

security interests or unperfected security interests by taking statutorily prescribed steps to give notice exp. by filing a financing statement or taking possession of the collateral, Commercial Bank v. Pride Furniture, Inc., 877 P. 2d 1232 (1994).

Payable

invoice can therefore not have the attribute of having become 'payable' by him, Director, Enforcement Directorate, Ministry of Finance v. K.O. Krishnaswamy, AIR 1979 SC 1969 (1971): (1980) 1 SCC 280: (1980) 1 SCR 1092. [FERA. 1947,

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