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Trade Association

Ltd., AIR 1954 SC 85: (1954) SCR 289. [Income Tax Act, 1922, s. 10(6)] Means a body of persons (whether incorporated or not) which is formed for the purpose of furthering the trade interests of its members … a 'trade association' means an association tradesmen, businessmen or manufac-turers for the protection and advancement of their common interest, Commissioner of Income Tax v. Royal Western India Turf Club Ltd., AIR 1954 SC 85: (1954) SCR 289.

vest

French, from Latin vestire] vt 1 a : to place in the possession, discretion, or province of some person or authority [all legislative powers herein granted shall be ed in a Congress of the United States "U.S. … to a person a fixed and immediate right of present or future enjoyment of (as an estate) [an interest ed in the beneficiary] b : to grant or endow with a particular authority, right, or property [

Related person

with another person, directly or indirectly, in the business, then it could be said that they are 'related persons'. The holding company and subsidiary company have got special significance. There must be mutuality of interest between the … are 'related persons'. The holding company and subsidiary company have got special significance. There must be mutuality of interest between the two persons, Flash Laboratories Ltd. v. CCE, AIR 2003 SC 1894 (1895): (2003) 2 SCC 86.

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Heirloom

Heirloom [fr. h'res, Lat., heir, and geloma, Sax., goods], personal chattels, such as charters, deeds, and evidences of title, coat armor set up in a church, or a … 1925, with amendments in keeping with s. 130, (English) Law of Property Act, 1925, which enables an entailed interest to be created in personal as well as real estate (see TAIL). Under these Acts the word 'heirloom'

Foreclosure

Foreclosure. A mortgagee, or any person claiming an interest in the mortgage under him, can compel the mortgagor, after breach of the condition, to … Foreclosure. A mortgagee, or any person claiming an interest in the mortgage under him, can compel the mortgagor, after breach of the condition, to elect either to

Legitimation per subsequens matrimonium

the time of the illegitimate person's birth. It further provides for declarations of legitimacy, the rights of legitimated persons to take interests in property, succession, personal rights and obligations, and as to persons legitimated by extraneous law. … the illegitimate person's birth. It further provides for declarations of legitimacy, the rights of legitimated persons to take interests in property, succession, personal rights and obligations, and as to persons legitimated by extraneous law. See for summary

Mandamus

provision as to county Court judges. (2) Ordinarily mandamus. Where a plaintiff in an ordinary action is personally interested in the fulfilment of some duty by the defendant he may in certain cases endorse his writ with … in the King's name from the King's Bench Division of the High Court only, and addressed to any person, corporation, or inferior court of judicature requiring them to do something therein specified, which appertains to their office,

Succession to this office

in relation to property and rights and interests in property generally implies 'passing of an interest from one person to another' vide in re Hindu Women's Right to Property Act, 1941). It is now well-established that the … Succession to this office, the word 'succession' in relation to property and rights and interests in property generally implies 'passing of an interest from one person to another' vide in re Hindu Women's

Actio personalis moritur cum persona.

Actio personalis moritur cum persona. A personal action dies with the person, i.e., the right to sue is gone. 'As … as to the effect of death in relation to causes of action and as to the awarding on interest in civil proceedings. Subject to the provisions of s. 1 of the Act, on the death of any

Land holder

Land holder, the expression 'landholder' who obviously is a possessor of interest in land means a person to whom rent is payable, and by legal fiction it shall include his predecessor-in-interest as also successor-in-interest to … Land holder, the expression 'landholder' who obviously is a possessor of interest in land means a person to whom rent is payable, and by legal fiction it shall include his

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