Revenue - Law Dictionary Search Results
Home Dictionary Name: revenueRevenue deficit
Revenue deficit, means difference between revenue expenditure and revenue receipts which indicates increase in liability of the State Government without corresponding increase in assets of the Government. [Gujarat Fiscal Responsibility Act, 2005, s. 2(g)]Means the amount of excess of revenue expenditure over revenue receipts in a financial year. [Rajasthan Agricultural Produce Market Act, 2005, s. 2(m)]Means the difference between revenue expediture and revenue receipts of the State Government [Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Prabandhanam Adhiniyam, 2005, s. 2(i)]Means the difference between revenue expenditure and revenue receipts which indicates increase in liabilities of the Central Government without corresponding increase in assets of that Govern-ment. [Fiscal Responsibility and Budget Manage-ment Act, 2003 (39 of 2003), s. 2(e)]...
Inland revenue
Inland revenue. That portion (by far the largest) of the public revenue (which is derived from the taxation of home commodities and duties on property and income, houses, stamps, probates, legacies, etc., as distinguished from the portion derived by customs duties (see CUSTOMS) from imported commodities-such as foreign wine and spirits, tea, etc. It is supervised by (English) Inland Revenue Commissioners (the number of whom, now four, is not limited by statute, and the quorum of whom is two), and a large number of enactments relating to its regulation are contained in the consolidating Inland Revenue Regulation Act, 1890 (53 & 54 Vict. c. 21). By s. 39 of that Act 'inland revenue' means 'the revenue of the United Kingdom collected or imposed as stamp duties, taxes, and duties of excise.' (see that title), 'and placed under the care and management of the Inland Revenue Commissioners.' By 8 Edw. 7, c. 16, the management of excise duties were transferred to the Commissioners of Customs an...
Revenue
Revenue, income, annual profit received from land or other funds; also money at the disposal of the Crown, i.e., the executive. The chief sources are (1) Crown property, surrendered to the nation; (2) taxation--income tax, death duties, customs and excise, stamp duties; (3) certain managed enter-prises, such as the Post Office, and Lands, Woods and Forests and miscellaneous holdings such as shares in the Suez Canal, and other profits or fiscal prerogatives of the Crown.See Halsb. Encycl. Laws of England, tit. 'Revenue'; Chitty's Statutes, tits. 'Customs,' 'Property Tax,' 'Death Duties,' 'Stamps,' and 'Revenue.'Revenue causes were peculiarly within the province of the court of Exchequer; the practice of which Court in matters of revenue was regulated by the Queen's Remembrancer Act, 1859 (22 & 23 Vict. c. 21), ss. 9 et seq., and the Crown Suits Act, 1865 (28 & 29 Vict. c. 104).The jurisdiction of the Court of Exchequer was transferred to the High Court of Justice ((English) Jud. Act, 18...
Hereditary revenues
Hereditary revenues. Crown Lands, escheats (see that title), and certain small branches, such as Post Office Profits, enumerated in 1 Anne, c. 1. The Civil List Act, 1910 (10 Edw. 7 & 1 Geo. 5), in substitution for the Civil List Act, 1901, directed (in effect) that the hereditary revenues which were directed by s. 2 of the Civil List Act, 1837, to be made part of the Consolidated Fund, with the addition of the Osborne Estate under the Osborne Estate Act, 1902, were during that reign and for six months afterwards to be 'paid into the Exchequer, and made part of the Consolidated Fund.'Sect. 2 of the Act of 1837 directed the produce of all the heritous rates, duties, payments, and revenues in England, Scotland, and Ireland respectively, and also the small branches of the hereditary revenues and the produce of the hereditary casual revenues arising from any droits of Admiralty or droits of the Crown, and from the surplus revenues of Gibraltar, or any other possession of her Majesty Queen ...
Matter concerning revenue
Matter concerning revenue, The order of a High Court to a revenue officer to do his duty would not be the exercise of original jurisdiction in any matter concerning the revenue within the meaning of s. 226 of the Govt. of India Act, 1935 and the jurisdiction of the High Court to direct the Chief Controlling Revenue Authority to make a reference under s. 57 of the Stamp Act was not barred by s. 226 of the Govt. of India Act, Chief Controlling Revenue Authority v. Maharashtra Sugar Mills Ltd., AIR 1950 SC 218: (1950) SCR 536....
Revenue officer
Revenue officer, means any officer whom the State Government may appoint by name or by virtue of his office to discharge any of the functions of a Revenue officer in any area within the local limits of the Municipal Corporation of Kolkata and Howrah and other municipalities under the jurisdiction of Kolkata Metropolitan Development Authority. [Kolkata Land Revenue Act, 2003, s. 2(k)]Revenue Officer, the term 'revenue officer' is wide and comprehensive enough to include the T.R.O. who effects a compulsory sale for the recovery of an income-tax demand, Shanti Devi, L. Singh v. Tax Recovery Officer, AIR 1991 SC 1880 (1883). [Registra-tion Act, 1908 (16 of 1908), s. 89]...
Prejudicial to the interests of the Revenue
Prejudicial to the interests of the Revenue, regarded as involving a conception of acts or orders which are subversive of the administration of revenue. There must be some grievous error in the order passed by the Income Tax Officer, which might set a bad trend or pattern for similar assessments, which on a broad reckoning, the Commissioner might think to be prejudicial to the interests of Revenue Administration, Venkatakrishna Rice Co. v. C.I.T., (2000) 2 SCC 718....
revenue
revenue often attrib 1 : the total income produced by a given source [a property expected to yield a large annual ] 2 : the gross income returned by an investment 3 : the yield of sources of income (as taxes) that a political unit (as a nation or state) collects and receives into the treasury for public use 4 : a government department concerned with the collection of national revenue ...
Revenue Ruling
Revenue Ruling : an official interpretation of a tax law by the Internal Revenue Service that is published to provide guidance esp. to taxpayers and IRS officials ...
Arrears of public revenue due on land
Arrears of public revenue due on land, mean the whole or any portion of any Kist or instalment of such revenue not paid on the day on which it falls due according to the Kistbandy or any engagement or usage, State of Kerala v. V.R. Kalliyanikutty, (1999) 3 SCC 657....
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