Received By - Law Dictionary Search Results
Home Dictionary Name: received byDeemed to received
Deemed to received, the expression 'deemed to be received' in, s. 4(a)(1) of the Income-tax Act, 1922 only means deemed by the provisions of the Act to be received, Keshao Mills Ltd. v. C.I.T., AIR 1953 SC 167 (191): (1953) SCR 950. [Income-tax Act, 1922, s. 4(1)(a)]See also Indermani Jatia v. C.I.T., AIR 1959 SC 82....
Money had and received
Money had and received. When a person receives money which in justice and equity belongs to another, as a rule a debt is created and the money can be recovered by an action for 'money had and received to the use of the plaintiff', See Moses v. Macferlan, (1760) 2 Burr 1005; Marriott v. Hampton, (1797) 7 TR 269; 2 Sm. L.C. (11th Edn.) 421. But the action cannot now be extended beyond the principles illustrated in the decided cases, see Sinclair v. Brougham, 1914 AC 453, per Lord Sumner, where the true nature of the action is discussed. The cause of action arises when the money is received and not earlier, see Bowling v. Cox, 1926 AC 751 (754)....
Receiver
Receiver, is a person appointed for the collection or protection of property. He is appointed either by the court or out of court by individuals or corporations, Halsbury's Laws of England, 4th Edn., Vol. 39, p. 403, pp. 801.Receiver. (1) An officer appointed by the court to collect rents, etc., pending a suit. Receivers are appointed in actions for administration; in actions by mortgages or against trustees or executors; in actions between partners for winding up the partnership business, and in a great many other cases. (2) A mortgagee may also appoint a receiver of the mortgaged property, if empowered so to do by the mortgage deed or by separate instrument, without having to apply to the court; and by s.19 of the (English) Conveyancing Act, 1881, reproduced and extended to mortgages of certain incorporated hereditaments, such as rentcharges or annual income, by the (English) Law of Property Act, 1925, s. 101, in the case of a mortgage executed on or after the 1st January, 1882, the ...
Received by
Received by, the expression 'received by' applies to those assessees who adopt the cash system of accountancy, CIT, Bombay v. Chunilal V. Mehta, AIR 1972 SC 268 (271). [Income Tax Act, 1922, s. 10 (5A)]...
Receiving order
Receiving order. An order of the court on the petition of a creditor, or of the debtor himself, granted for the protection of the estate on an act of bankruptcy being established. The order con-stitutes the official receiver the receiver of the debtor's property. Legal proceedings against the person or property of the debtor in respect of debts provable in bankruptcy can thenceforth be restrained by the official receiver. The effect of the order is that unless a scheme or composition is accepted by the creditors the debtor is adjudged bankrupt. See (English) Bankruptcy Act, 1914, ss. 3, 7, 37 (2), 107(4), and (English) Bankruptcy Rules, 1915, rr. 179-188A. Receiving orders in bankruptcy, whether or not known to affect land, must be registered at the Land Registry every five years or else the title of the trustee in bankruptcy will be void against a purchaser of a legal estate in good faith for money or money's worth without notice of an available act of bankruptcy under a conveyance ma...
receivable
receivable 1 : capable of being received 2 : subject to call for payment [notes ] see also account receivable receivable n ...
Official receivers
Official receivers, officers appointed by the Board of Trade under s. 66 of the (English) Bankruptcy Act, 1883, to act as interim receivers and managers of bankrupts' estates, pending the appointment of trustees in bankruptcy: see now Bankruptcy Act, 1914, ss. 70 et seq. The report of an official receiver is absolutely privileged, Bottomley v. Brougham, (1908) 1 KB 584; Burr v. Smith, (1909) 2 KB 306. As to the official receiver becoming provisional liquidator on the making of a winding-uporder, see Companies Act, 1929, s. 185, and LIQUIDATOR...
Value received
Value received, a phrase generally inserted in bill of exchange, but which is not necessary, since value is implied in every bill, as much as if expressed in totidem verbis, White v. Ledwick, (1785) 4 Doug 247....
accounts receivable
accounts receivable Money due from your customers. Your accounts receivable balance equals the dollar amount of sales that you have made to your customers on credit terms but that have not yet been paid. The accounts receivable balance is an asset of your company. ...
Broadcast Television Receiver Sets
Broadcast Television Receiver Sets, words 'Broad-cast Television Receiver Sets' under Notification No. 68/86 of Central Excises and Salt Act- Do not include Projection Television receiver sets, CCE v. Fusebase Eltoto, AIR 1994 SC 1289. [Central Excise and Salt Act, (1 of 1944) Notification No. 68/86]...
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