Profits - Law Dictionary Search Results

Behoovable

Supplying need profitable advantageous

Behoof

Advantage profit benefit interest use

Quaestus

Quaestus, means profit. This term refers to a purchased estate, as distinguished from haeroditas, referring to an estate obtained by descent,

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Professional institution, means organisations which import advanced learning in a particular field on profession such as law, medicine or engineering for attachment of special knowledge as distinguished from mere skill, Kannammal Educational Trust v. Union of...

Questuary

Studious of profit

Mesne profit

Mesne profit, of property means those profits which the person in wrongful possession of such property actually received or might with ordinary diligence have received

Uses

consisted of three parts:-(1) That the feoffee to uses should suffer the cestui que use to take the profits; and (2) upon the request of the cestui que use, or notice of his will, would convey the

Smallness of profit

words 'smallness of profit' in the s. 23 of the Income Tax Act, 1922 refer to actual accounting profits in comparison with the assessable profits of the year. In arriving at the assessable profits the Income-tax Officer

Statutory percentage

Statutory percentage, 'statutory percentage' means for the present purpose, 45 per cent of industrial profits and 60 per cent of non-industrial profits. These percentage have to be applied separately to the profits of

Business

SC 928 (934): 1960 SCJ 980: (1959) 37 ITR 171: (1959) Supp 2 SCR 660. S. 2(5) Excess Profit Tax Act, 1940. Business includes any activity carried on by a corporation or association and 'place of business'

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