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Incomer - Law Dictionary Search Results
Short entry
Short entry. It takes place when a bill or note, not due, has been sent to a bank for collection, and an entry of it is made in the customer's bank-book, stating the amount in an...
Legal misconduct
Legal misconduct, it is difficult to give an exhaustive definition of what amounts to legal misconduct. It may however be stated that legal misconduct means misconduct in the judicial sense arising from some honest, though erroneous,...
Legal fiction
Legal fiction, it must be confined to the limited purpose for which it is created, Commissioner of Sales Tax v. Union Medical Agency, (1981) 1 SCC 51: AIR 1981 SC 1. The Supreme Court thus while...
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Ethers
Ethers, it is described that ethers are used widely as solvents, both in chemical manufacture and in the research laboratory. It is also mentioned therein that the most important ether is ethyl ether. While describing ethyl...
Earned surplus
Earned surplus, it represents a specific account into which are added the net profits of the year and appropriations are made out of it and the balance is regarded as 'earned surplus' at the end of...
Bank
Bank, Commercially it is a place where money is deposited for the purpose of being lent out at interest, returned by exchange, disposed of to profit, or to be drawn out again as the owner shall...
Alibi
Alibi (elsewhere). It is a defence restored to where the party accused, in order to prove that he could not have committed the crime with which he is charged, offers evidence that he was in a...
Half life
the time it takes for one half of a substance decaying in a first order reaction to be destroyed For radioactive substances it is the time required for one half of the initial amount of the...
Deemed dividend
accumulated profits that it would be liable to be regarded as 'deemed dividend' under s. 2(6A)(e) of the Income-tax Act,1922 and a loan to a beneficial owner of the shares does not come within the mischief of
Dearness allowance
Dearness allowance, it is inextricably intertwined with price rise, it being an attempt to compensate loss in real wages on account of price rise considered as a passing phenomenon by compensation, Workmen Employed by M/s. Indian...
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