Profits - Law Dictionary Search Results

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system of law, Income Tax Commissioner (Central Calcutta) v. Standard Vacuum Co., AIR 1966 SC 1393 (1397). [Business Profits Tax Act, 1947, Sch. II, R. 2(1)]

Primiti'

Primiti', the first fruits which were presented to the gods by the ancients; also, the profits of a living during the first year after avoidance, formerly taken by the Crown, Steph. Com., 7th ed,

Pretensed right

c. 9, no one might sell or purchase any title to land, unless the vendor had received the profits, or been in possession of the land, or of the reversion or remainder, for one whole year, on

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of prescription in certain cases enacts in substance as follows:-- (1) Claims to right of common and other profits a prendre (except tithes and rent) are prima facie indefeasible after thirty years' uninterrupted enjoyment, and absolutely indefeasible

Preferential or preference shares or stock

some cases, of capital upon a winding-up, over the ordinary shares. The dividends are usually contingent upon the profits of each year or half-year. In some cases, however, the arrears of dividend form an accumu-lating debt by

Portioner

serves a benefice, together with others, so called because he has only a portion of the tithes or profits of the living; also an allowance which a vicar commonly has out of a rectory or impropriation.

Personal tithes

Personal tithes, those that are paid out of such profits as come by the labour of a man's person, as by buying and selling, gains of merchandise, handicrafts,

Pernor

Pernor, he who receives the profits of lands, etc.; the cestui que use, 1 Rep. 123; Co. Litt. 323 b.

Permissive use

a conveyance to A to the use of B. A simply held the possession, and B. enjoyed the profits of the estate. See PASSIVE USE.

Pawnbroker

with its amending Acts, is repealed, and the statute law of the subject consolidated. Sch. IV., dealing with profits and charges, has been amended by the (English) Pawnbrokers Act, 1922, in respect of loans not exceeding 40s.

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