Receiver - Law Dictionary Search Results
Home Dictionary Name: receiver Page: 2accounts 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. ...
Deemed 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....
Right to receive
Right to receive, the sums secured will accrue, not when the charge is granted, but when the future event occurs. Thus, in the case of a conventional mortgage, the charge is immediately effective but the right to receive the sum secured does not accrue until the legal redemption date has passed. Similarly, there is no inconsistency between having a right to enforce a charge by sale at a time when there is only a deferred right to receive the proceeds. Such a right is sufficient to confer on the creditor the necessary interest enabling him to apply for and obtain an order for sale and such an order, if made, will remove the element of deferral, See English Insolvency Act, 1986 (c 45), s. 313; (English) Limitation Act, 1980, s. 20(1), Gotham v. Doodes, (2007) 1 WLR 86 CA....
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)]...
account receivable
account receivable pl: accounts receivable : a balance due from a debtor on a current account ...
Receivability
The quality of being receivable receivableness...
Receive
To take as something that is offered given committed sent paid or the like to accept as to receive money offered in payment of a debt to receive a gift a message or a letter...
On receiving information
On receiving information, the words 'on receiving information' mean that information may be from any source, State of U.P. v. Kaushailiya, AIR 1964 SC 416: (1964) 4 SCR 1002. (Suppression of Immoral Traffic in Women and Girls Act, 1956, s. 20)...
Receiving the articles
Receiving the articles, conveyance or package 'within the octroi limits necessarily implies that the word receiving' would cover the storing or keeping of such articles within the municipal limits, also for use, consumption or sale, especially when the enforcing staff can demand the production of a bill, invoice or document of a like nature relating to such articles, M/s Eko Electronics, Patiala v. State of Punjab, AIR 1994 P&H 141. [See also Punjab Municipal Act (3 of 1911), ss. 76, 77]...
Receivable
Capable of being received...
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