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Goodwill

938. The goodwill of a business depends upon a variety of circumstances or a combination of them. The location, the service, the standing of the business, the honesty of those who run it, and the lack of

Actio locati

Actio locati, an action resulting from a contract called locatio conductio, which enables the locator to enforce the duties of the conductor, Civil Law. See ACTIO CONDUCTI.

Nerve - center test

Nerve - center test, a method courts sometimes use to determine the location of a company's principal place of business, by which the principal place of business is determined to be

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Village industry

Village industry, means: (i) any industry located in rural area which produces any goods or renders any service with or without the use of power

Property

or intangible and includes deeds and instruments evidencing title to, or interest in, such property or assets, wherever located. [The Prevention of Money-Laundering Act, 2002, s. 2(v)] Means corporeal or incorporeal rights including money which is exchangeable

Planning

however, the term connotes the systematic development of a community or an area with particular reference to the location, character, and extent of streets, squares, and parks, and to kindred mapping and charting, American Jurisprudence, 2nd (Vol.

Net wealth

which the aggregate value computed in accordance with the provisions of this Act of all the assets wherever located, belonging to the assessee on the valuation date, including assets required to be included in his net wealth

Establishment

AIR 1957 SC 1639 (1644): (1975) 4 SCC 348. Establishment, envisages activities being carried out at a fixed location and which have a nexus with the geographical setting of such establishments in the states concerned and, according,

Apartment

of any property, intended for any type of independent use, including one or more rooms or enclosed spaces located on one or more floors or any part or parts thereof, in a multi-storeyed building to be used

Situate

Having a site situation or location being in a relative position permanently fixed placed located as a town situated or situate on a hill

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