In The Interest Of - Law Dictionary Search Results
Compound interest
Compound interest, interest upon interest, i.e., when the interest of a sum of money is added to the principal, and then bears interest, which thus becomes a sort of secondary principal. It is ordinarily not recoverable at law, see Fergusson v. Fyffe, (1840) 8 Cl & F 121, and Wrigley v. Gill, (1906) 1 Ch 165. See INTEREST....
zone of interest
zone of interest :the range or category of interests that a statute or constitutional guarantee is intended to protect called also zone of interests NOTE: The interest of a party seeking to enforce a law or guarantee in a challenge to an action by the government (as by an administrative agency) must fall within the zone of interest protected by the law or guarantee in question, and the party must have suffered an injury in fact to that interest. ...
Personal interest
Personal interest, includes the official interest as well, Ambika Prasad v. State of Uttar Pradesh, (1992) All Cr Cas 200 (All).Personal interest, within the meaning of the s. 556 of the Criminal Procedure Code is not limited to private interest, and it may well include official interest also, Rameshwar Bhartia v. State of Assam, AIR 1952 SC 405 (406). [Criminal Procedure Code (5 of 1898), s. 556]...
Public interest
Public interest, means an act beneficial to the general public. It means action necessarily taken for public purpose, Babu Ram Verma v. State of Uttar Pradesh, (1971) All LJ 653: (1971) Serv LR 649: (1971) 2 Lab LJ 235: (1971) Lab IC 1162 (All).Means of concern or advantage to people as a whole, T.M.A. Pai Foundation v. State of Karnataka, (2002) 8 SCC 481.Means retention of honest and efficient employees and weeding of inefficient and dishonest, Indira Saxena v. Municipal Council, 1995 Jab LJ 28.Means those interests which concern the public at large, Law Lexicon, 2nd Edn., Reprint 2000, at p. 1557). See also T.M.A. Pai Foundation v. State of Karnataka, (2002) 8 SCC 481.Refers to cases where the interests of public adminis-tration require the retirement of a government servant who with the passage of years has pre-maturely ceased to possess the standard of efficiency, competence and utility called for by the government service to which he belongs. No stigmas or implication of misbehav...
Public interest litigation
Public interest litigation, lexically the expression 'PIL' means a legal action intended in a Court of law for the enforcement of public interest or general interest in which the public or a class of the community have pecuniary interest or some interest by which their legal rights or liabilities are affected, Janta Dal v. H.S. Chowdhary, (1992) 4 SCC 305: (1991) 3 SCR 752....
Related witness and interested witness
Related witness and interested witness, 'related' is not equivalent to 'interested'. A witness may be called 'interested' only when he or she derives some benefit from the result of a litigation; in the decree in a civil case, or in seeing an accused person punished. A witness who is a natural one and is the only possible eyewitness in the circumstances of a case cannot be said to be 'interested', State of Rajasthan v. Kalki, AIR 1981 SC 1390 (1391): (1981) 2 SCC 752: (1981) 3 SCR 504. (Evidence Act, 1872, s. 3)...
Vested interest
Vested interest, when there is immediate right of present right for future enjoyment. An interest is said to be contingent if the right of enjoyment is made dependent upon some event or condition which may or may not happen. On the happening of the event or condition a contingent interest becomes a vested interest, Quoted from B.N. Vishweswariah v. Usha Subarao, (1996) 5 SCC 201; Kokilambal v. N. Raman, (2005) 11 SCC 234....
Unity of interest
Unity of interest, means coparceners or joint tenants are said to have unity of interest where none has a greater interest in the joint property than the other. By and large, there exists a sort of unity of interest in the properties held by spouses, PUCL v. Union of India, (2003) 4 SCC 399....
Tax, interest and penalty
Tax, interest and penalty, tax, interest and penalty are three different concepts. Tax becomes payable by an assessee by virtue of the charging provision in a taxing statute. Penalty ordinarily becomes payable when it is found that an assessee has wilfully violated any of the provisions of the taxing statute. Interest is ordinarily claimed from an assessee who has withheld payment of any tax payable by him and it is always calculated at the prescribed rate on the basis of the actual amount of tax withheld and the extent of delay in paying it. It may not be wrong to say that such interest is compensatory in character and not penal, Associated Cement Company Limited v. Commercial Tax Officer, AIR 1981 SC 1887: (1981) 4 SCC 578: (1982) 1 SCR 563....
Equitable interests
Equitable interests, all estates, interest and charges in or over land (other than those which can subsist at law) such as estates tail, life interests and remainders, take effect as equitable interests, Law of Property Act, 1925, s. 1(3), (UK). See also Halsbury's Laws of England (39), para 347, p. 243....
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