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Offer

Offer is, in effect, a promise by the offeror to do or abstain from doing something, provided that the offeree will accept that offer and pay or promise to pay the 'price' of the offer. The...

Oil vanaspati

Oil vanaspati, vanaspati, is essentially an oil al-though it is a different kind of oil than that oil (be it rapeseed oil, cotton-seed oil, ground-nut oil, soya bean oil or any other oil) which forms its...

Omission

Omission, is a colourless word which merely refers to the not doing of something and if the assessee does not make a return, it is an omission on his part, AIR 1956 Bom 557 (558). [Income...

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Or

Or, construed as 'and'. The courts may construe 'or' as 'and' if they find from the context that the wrong word must have been used, Morgan v. Thomas, (1882) 9 QBD 643 (645), per Jessel (MR)....

Organised crime

Organised crime, in Europe, the terms 'organised crime' and 'professional crime' are largely inter-changeable. As compared to American standards, the European criminal orgainsations are small-scale and short-lived. Such crimes are defined as involving system of specifically...

Parens patriae

Parens patriae, means the State in its capacity as the legal guardian of persons not sui juris and without natural guardians as the heirs to persons without natural heirs, and as the protector of all citizens...

Parties interested

Parties interested, the expression 'parties interested' means those who are interested in the result of the suit and they need not be arraigned as defendants or plaintiffs, AIR 1966 J&K 1(7). (Arbitration Act, 1940, s. 21)

Partition

Partition, is mitakshara 'partition' may be only severance of the joint status of the members of the coparcenary, that it to say, what was once a joint title has become a divided title though there has...

Permanent

Permanent, in a appointment order, is need as descriptive of the nature of the appointment, so as to distinguish it from a mere acting, or temporary appointment. It is a fixity of tenure though not for...

Personal expenses

Personal expenses, would include expenses on the person of the assessee or to satisfy his personal needs, such as clothes, food, etc. or purposes not related to the business for which the deduction is claimed, State...

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