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As it thinks fit

As it thinks fit, the expression 'as it thinks fit' confers a very wide jurisdiction enabling it to take an entirely different view on the same set of facts. The expression 'as it thinks fit' has...

taxable income

taxable income : income that is subject to taxation and is characterized by the accrual of some gain or benefit

disposable income

disposable income : income available for disposal: as a : the income remaining to an individual after deduction of taxes

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debt-to-income ratio

debt-to-income ratio a comparison or ratio of gross income to housing and non-housing expenses; With the FHA, the-monthly mortgage payment should be no more than 29% of

current monthly income

current monthly income The average monthly income received by the debtor over the six calendar months before commencement of the bankruptcy

Any income

Any income, The words as appearing in the body of the Income Tax Act, 1961 are restrictive in their application

Considers it necessary

Considers it necessary, The words 'considers it necessary' postulate that the authority concerned has thought over the matter deliberately and with care and it has been found necessary as a result of such thinking to pass...

household income

household income The income used to determine whether a sponsor meets the minimum income requirements under Section 213A of the

Net annual income

Net annual income, 'net annual income', in relation to a wakf, means net annual income determined in accordance with the provisions

Income Tax Authority

Income Tax Authority, includes income tax officer, assistant appellate commissioner etc and not ITAT. I.T. Commissioner v. B.N. Bhattacharjee,

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