Privilege And Concession - Law Dictionary Search Results

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Privilege and concession

Privilege and concession, a privilege has been defined as a particular and peculiar benefit or advantage enjoyed by a person, and a concession as a form of privilege. An option to purchase or repurchase has been held to be such a privilege or concession, V. Pechimuthu v. Gowrannal, AIR 2001 SC 2446 (2449): (2001) 7 SCC 617....

VerbarOctroi

A privilege granted by the sovereign authority as the exclusive right of trade granted to a guild or society a concession...

Wages

Wages, if the remuneration is to be paid daily or weekly, it can be called wages. But when it is monthly remuneration payable on the last day of the month or after that date, and when the remuneration considering the general standards of payments is fairly high, then it has to be understood as salary, K.V.V. Sharma (in re), (1952) 2 Mad LJ 917.Includes any bonus or other additional remunera-tion etc., and any sum 'payable to such person by reason of the termination of his employment, A.R. Sarin v. B.C. Patil, AIR 1951 Bom 423.Means remuneration payable to an employee under an award or settlement, Purshottam v. Potdar, AIR 1966 SC 856.Means remuneration which an employer is liable to pay, if the term of the contract of employment are fulfilled. In other words, they are payments made by an employer for services rendered, G.M. Joshi v. First Civil Judge, AIR 1958 Bom 262.Wages, ought to include gratuity as well, Tirjugi Sitaram v. Badlu Prasad Bheru Prasad, AIR 1962 MP 361.The compensatio...

Exemption

Exemption, immunity; freedom from imposts; a privilege to be free from service or appearance.Freedom from a duty, liability or other requirement, Black's Law Dictionary, 7th Edn., p. 594.The words 'exemption' or other modification are wide enough to enable the Central Government to give rebate such as has been allowed under the Concession Order, Commissioner of Income Tax v. Anant Rao B. Kamat, AIR 1966 SC 279: (1964) 8 SCR 263.Is the freedom or release from a liability, obligation, Webster American Dictionary, p. 405.Under the Constitution of India execution is available to the property of the Union from State taxation, Constitution of India, Art. 285.Is available from taxes on electricity, Constitution of India, Art. 287.Applies only to the extent the trade or business is incidental to the ordinary functions of the Govern-ment, Constitutions of India, Art. 289(3).Is the privilege of being excepted, excused, freed from the operation of a law, A Dictionary of Law, William C. Anderson, ...

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