Skip to content

Gain - Law Dictionary Search Results

Research workspace

Save terms and build your research trail

A free trial unlocks notes, tags, search history, and the full AI Studio desk for judgment research.

Midwife

certified under the Act, who styles herself a midwife, or who habitually attends women in child birth for gain; constitutes a Central Midwives Board to regulate the issue of certificates; establishes a 'Midwives Roll'; provides for the

Income

Income, s. 4 of the Income-tax Act, defines the 'total income' to include all income, profits and gains from whatever source deprived. The definition of 'income' in Shaw Wallace & Co. case, 1932 (59) IA 206,

Fraud

the design of securing something by taking unfair advantage of another. It is a deception in order to gain by another's loss. It is a cheating intended to got an advantage, S.P. Chengalvaraya Naidu v. Jagannath, AIR

Keep your definitions linked to case research

Acquirer

Acquirer, means a member of a Hindu undivided family, who acquires gains of learning. [Hindu Gains of Learning Act, 1930 (30 of 1930), s. 2(a)]

Association of persons

tax on income, the association must be on the object of which is to produce income, profits or gains, CIT v. Indira Balkrishna, AIR 1960 SC 1172 (1174): (1960) 3 SCR 513. (Income-tax Act, 1922 s. 3)

Personally interested

does not imply merely intellectual interest but something of the nature of an expectation of advantage to be gained, or of a loss or some disadvantage to be avoided by one who was said to be so

basis

method 3 : the value (as cost or fair market value) of an asset used in calculating capital gains or losses for income tax purposes adjusted basis : the basis of an asset increased or decreased to

Carried on by him

s. 10 of the Income-tax Act,1922 tax is payable by an assessee 'in respect of the profits or gains of any business, profession or vocation carried on by him.' 'Business' is defined by s. 2, sub-s. (4)

Bishop

lords spiritual in Parliament: see HOUSE OF LORDS. A bishop has three powers: (1) a power of ordination, gained on his consecration, by which he confers orders, etc., in any place throughout the world; (2) a power

Accumulated loss

Accumulated loss, means so much of the loss of the amalgamating banking company under the head 'profits and gains of business or profession' (not being a loss sustained in a speculation business) which such amalgamating banking company,

  • Last »

Try the research workspace - 7 days free


AI Briefs · Semantic Search · Save & annotate judgments

Start your 7-day free trial