Profits - Law Dictionary Search Results
Salary
1973 SC 637: (1972) 2 SCC 696: (1973) 1 SCR 985. Salary, includes allowances, fees, commissions, perquisites or profits received, in lieu of or in addition to a fixed salary, in respect of an office of employment
Direct tax
Direct tax, means: (a) any tax chargeable under-- (i) the Income-tax Act; (ii) the Super Profits Tax Act, 1963; (iii) The Companies (Profits) Surtax Act, 1964; (iv) the agricultural income-tax law; and (b) any
Negotiorum gestor
for the benefit of particular parties. thus, if a stranger enter upon a minor'' lands and take the profits, the law will, in many cases oblige him to account to them in or for the profits as
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Whichever event first occurs
the words 'whichever event first occurs' in sub-cl. (iii) imply that the maximum period for which future mesne profits can be awarded, is three years from the date of the decree for possession and mesne profits, finally
Dividend
Dividend, a share, the part allotted in division; the interest paid on the public funds; the share of profits of a company payable to each shareholder (see Articles 89 to 96 of Table A to Companies Act,
Primer seisin
of a knight's fee, to receive of the heir (provided he were of full age) one whole year's profits of the lands, if they were in immediate possession; and half a year's profits, if they were in
Reservatio non debet esse de proficuis ipsis, quia ea conceduntur, sed de reditu novo exta proficua
conceduntur, sed de reditu novo exta proficua. Co. Litt. 142 a.-(A reservation ought not to be of the profits themselves, because they are granted, but from the new rent apart from the profits.)
Usufructuary mortgage
and authorise him to retain such possession until payment of the mortgage-money, and to receive the rents and profits accruing from the property or any part of such rents and profits and to appropriate the same in
Guarantee
includes any obligation undertaken before the commencement of this Constitution to make payments in the event of the profits of an undertaking falling short of a specified amount. [Constitution of India, Art. 366(13)] Guarantee, is in collateral
Goodwill
the competition is, contribute also to the goodwill. S.C. Cambatta and Co. Pvt. Ltd. v. Commissioner of Excess Profits Tax, AIR 1961 SC 1010 (1012): (1961) 2 SCR 805. Goodwill denotes the benefit arising from connection and
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