Profits - Law Dictionary Search Results
For the purpose of the business
expression 'for the purpose of the business' is essentially wider than the expression 'for the purpose of earning profits.' It covers not only the running of the business or its administration but also measures for the preservation
First fruits
First fruits, an incident to the old feudal tenures, being one year's profits of the land after the death of a tenant, which belonged to the king. Hence arose the claim
Fixed capital
Fixed capital, 'fixed capital' as what the owner turns to profit by keeping it in his own possession and 'circulating capital' as what he makes profit of by parting
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Water and watercourse
authorizing the construction of waterworks by companies for the supply of water to the public at a limited profit to the shareholders by means of water rates. By s. 68 of the Act of 1863 these rates
Trade
Debuka, AIR 1989 SC 1119 (1125): (1989) 2 SCC 192. Trade, can be an occupation of selling for profit or can be exchange of goods either manufactured by himself or purchased for money, Sher Mohomed Musahib v.
Seigniorage
and silver, brought in the mass to be exchanged for coin, is claimed.Seigniorage, has two distinct meanings (i) profit made by a Government by issuing currency, the Crown's right to charge a percentage on bullion brought to
Joint venture
entity in the nature of a partnership engaged in the joint undertaking of a particular transaction for mutual profit or an association of persons or companies jointly undertaking some commercial enterprise wherein all contribute assets and share
Involve
Involve, The word 'involve' does not necessitate the bringing out of the profit motive of an activity expressly in the deed of trust, Sole Trustee Loka Sikshana Trust v. Commissioner of
Fixed capital and circulating capital
capital and circulating capital, fixed capital is something which the owner keeps in his possession but turns to profit; circulating capital, however, is turned over in the process of profit-making, Karanpura Development Co. Ltd. v. CIT, AIR
Whenever even first occurs
Whenever even first occurs, imply the maximum period for which future mesne profit can be awarded, is three years from the date of the decree for possession and mesne profit, finally
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