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Purchase Value - Law Dictionary Search Results

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Turnover of sales

amounts, if any, refunded by the dealer in respect of any such goods returned or rejected by the purchaser within three months from date of delivery of such goods. [West Bengal Value Added Tax Act, 2003, s.

Market value

Matched in: Term Market value

Notice

occupier, though the notice does not necessarily mean notice of an adverse claim. To sum up, purchasers for value are affected by notice, actual or constructive; (English) Law of Property Act,1925, s. 205 (1) (vii.) of (1) … has been a designed abstinence from inquiry for the very purpose of avoiding notice. See CONSTRUCTIVE NOTICE. A purchaser with notice may protect himself by purchasing the title of another bona fide purchaser for a valuable consideration

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Value of goods

Matched in: Term Value of goods

Value

Matched in: Term Value

Goodwill

55). A business's reputation, patronage, and other intan-gible assets that are considered when apprising the business, esp. for purchase; The ability to earn income in excess of the an come that would be expected from the business … Dictionary, 7th Edn., p. 703. The advantage or benefit which is acquired by a business, beyond the mere value of the capital, stock, funds, or property employed therein, incon-sequence of the general public patronage and encouragement which

Annuity

only a power as distinguished from a trust to purchase an annuity, the annuitant's right to the capital value only arises upon or after the trustees have actually provided money for the purpose of the purchase. Until … an annuitant is entitled to payment in cash of the capital sum where there is a direction to purchase or to invest a definite amount in the purchase of an annuity. If there is only a power

Resale

any goods or without doing anything to them which amounts to or results in, a manufacture. [The Gujarat Value Added Tax Act, 2003, s. 2(21)] Means a sale of purchased goods (i) in the same form in … Resale, a second sale. Resale, means a sale of purchased goods (i) in the same form in which they were purchased; or (ii) without using them in the

Tax

or property to yield public revenue, Black's Law Dictionary, 7th Edn., p. 1469. Means a sales tax or purchase tax, leviable or as the case may be, payable, under this Act and includes any amount payable by … SCC 101. Under s. 4(4)(d)(ii) of the Central Excise Act what is to be excluded from the assessable value is the amount of duty of excise, sales tax and 'other taxes'. Taxes, as such, are not defined

good faith purchaser

good faith purchaser : a purchaser who gives value for an asset in good faith and without knowledge of adverse claims

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