Kar - Law Dictionary Search Results
Home Dictionary Name: karKar
Kar, rent, cess or tax, the word 'kar' includes cess also, Annada Charan Desarkar v. Habibulla, AIR 1923 Cal 283....
basis
basis pl: ba·ses [-sēz] 1 : something (as a principle or reason) on which something else is established [the court could not imagine any conceivable for the statute] see also rational basis 2 : a basic principle or method ;esp : the principle or method by which taxable income is calculated NOTE: The Internal Revenue Code has set some limits on which method a taxpayer may use for figuring taxable income. For example, a corporation with gross receipts under $5,000,000 may be a cash-basis taxpayer. ac·cru·al basis : a method of accounting in which income and expenses are recorded in the period when they are earned or incurred regardless of when the payment is received or made called also accrual method cash basis : a method of accounting in which income and expenses are recorded in the period when payment is received or made called also cash method 3 : the value (as cost or fair market value) of an asset used in calculating capital gains or losses for inc...
Cost
Cost, that a man of business put upon it, and for so doing establishment accountancy practice would be relevant, Collection of Central Excise, Pune v. Daiichi Kar Karia Ltd., (1999) 7 SCC 448....
Disputed chargeable expenditure
Disputed chargeable expenditure, 'disputed chargeable expenditure', in relation to an assess-ment year, means the whole or so much of the chargeable expenditure as is relatable to the disputed tax. [Kar Vivad Samadhan Scheme, 1998, s. 87(c)]...
Disputed chargeable interest
Disputed chargeable interest, 'disputed chargeable interest', in relation to an assessment year, means the whole or so much of the chargeable interest as is relatable to the disputed tax. [Kar Vivad Samadhan Scheme, 1998, s. 87(d)]...
Disputed income
Disputed income, 'disputed income', in relation to an assessment year, means the whole or so much of the total income as is relatable to the disputed tax. [Kar Vivad Samadhan Scheme, 1998, s. 87(c)...
Disputed wealth
Disputed wealth, 'disputed wealth', in relation to an assessment year, means the whole or so much of the net wealth as is relatable to the disputed tax. [Kar Vivad Samadhan Scheme, 1998, s. 87(g)]...
Duly stamped
Duly stamped, an instrument can be said to be duly stamped only if it bears stamps of the amount and description in accordance with the law of the State concerned, the law including not only the Act, but also the rules framed under the Act, New Control Jute Mills Co. v. State of West Bengal, AIR 1963 SC 1307 (1311): (1964) 1 SCR 535. [Uttar Pradesh Stamp Rules, 1942, R.3]As applied to an instrument, means that the instrument bears an adhesive or impressed stamp of not less than the proper amount and that such stamp has been affixed or used in accordance with law for time being in force in India. [Indian Stamp Act, 1899, s. 2 (11)]Levy of duty, the duty is levied under the statutory provision and not under the discretion of the authorities under the provision, Khoday India Ltd. Anekal v. State of Karnataka, 2007 (3) Kar LJ 162...
Liable
Liable, means 'Bound or obliged in law or equity; responsible; chargeable; answerable; compellable to make satisfaction, compensation or restitution..... Obligated: accountable for or chargeable with. Condition of being bound to respond because a wrong has occurred. Condition out of which a legal liability might arise...... Justly or legally responsible or answerable, Black's Law Dictionary, 6th Edn.; see also Zunjarrao Bhikaji Nagarkar v. Union of India, (1999) 7 SCC 409.Means legally bound, subject to a for or penalty under an obligation, Concise Oxford Dictionary; see also Zunjarrao Bhikaji Nagar Kar v. Union of India, (1999) 7 SCC 409.The word 'liable' means a future possibility or probability happening which may or maynot actually occur, State v. Amru Tulsi Ram, AIR 1957 Punj 55.The word 'liable' occurring in many statutes, has been held as not conveying the sense of an absolute obligation or penalty but merely importing a possibility of attracting such obligation, or penalty, eve...
Machinery
Machinery. As to the riotous destruction of machinery, see Malicious Damage Act, 1861 (24 & 25 Vict. c. 97), s. 11, as amended. As to the fencing of machinery in factories, see FACTORY.Chimneys which are merely solid structure built upon the ground whose part do not move at all cannot be considered to be 'machinery', Municipal Council v. M/s. Birla Jute Manufacturing Company Ltd., AIR 1983 MP 161 (166). [M.P. Nagriya Statewar Sampati Kar Adhiniyam, (14 of 1964), s. 5(ii)]The air cooling plant is also liable to be classified as machinery, Municipal Corporation of Greater Bombay v. Blue Stars Ltd., AIR 1995 Bom 38 (40). [Bombay Municipal Corporation Act, (3 of 1888), Sch. H, Item 50]Includes prime movers, transmission machinery and all other appliances whereby power is generated, transformed, transmitted or applied. [Factories Act, 1948 (63 of 1948), s. 2 (j)]The word 'machinery' when used in ordinary language prima facie, means some mechanical contrivances which, by themselves or in com...
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