Section 43 Of The Act - Law Dictionary Search Results
Home Dictionary Name: section 43 of the actApproved charitable institution
Approved charitable institution, means an institution specified in, or, as the case may be, an institution established for charitable purposes and notified by the Central Government under clause (23C) of section 10 or an institution referred to in clause (a) of sub-section (2) of section 80G. [Income Tax Act, 1961 (43 of 1961), s. 80E(3)(a)]....
Transfer
Transfer, a permanent alienation is a transfer and a permanent alienation includes the several kinds of transfers, namely, sale, exchange or gift, Syed Jalal v. Targopal Ram Reddy, AIR 1970 AP 19.Transfer, cannot have the widest comprehension, and does not indicate or include compulsory transfer or forced transfer, like court auction sale, Kharva Gigabhai Mavji v. Soni Jagjivvan Kanji, 1979 (20) Guj LR 256.Transfer, connotes, normally, between two living persons during life; will take effect after demise of the testator and transfer in that perspective becomes incongruous, State of West Bengal v. Kailash Chandra Kapur, (1997) 2 SCC 387.Transfer, Decrees which would have the effect of extinguishing the tittle of the holder and nesting the same in some one else though not falling within the ordinary meaning of the phrase 'transfer of property' would be 'transfers' within the meaning of the term as used in ss. 4 and 5, Jagdish v. State of Madhya Pradesh, AIR 1993 MP 132. [See M.P. Ceiling...
Ecclesiastical dilapidations
Ecclesiastical dilapidations. The liability of an incumbent to make good dilapidations in the parsonage house is governed by the (English) Ecclesiastical Dilapidations Measures, 1923 to 1929 (14 & 15 Geo. 5, No. 3, and 19 & 20 Geo. 5, No. 3), which have replaced the former (English) Acts (34 & 35 Vict. c. 43 and 35 & 36 Vict. c. 96). The 54th section of the (English) Act of 1871 directs incum-bents to insure....
Employer
Employer, means (i) a company; (ii) a firm; (iii) an association of persons or a body of individuals, whether incorporated or not, but excluding any fund or trust or institution eligible for exemption under clause (23C) of section 10 or registered under section 12AA; (iv) a local authority; and (v) every artificial judicial person, not falling within any of the preceding sub-clauses. [Income-tax Act, 1961 (43 of 1961), s. 115W(a)]Employer, means:A person who controls and direct a worker under an express or implied contract of hire and who pays the workers salary or wages, Black's Law Dictionary, 7th Edn.(a) in relation to contract labour, the principal employer, and(b) in relation to other labour, the person who has the ultimate control over the affairs of any establishment or who has, by reason of his advancing money, supplying goods or otherwise, a substantial interest in the control of the affairs of any establishment, and includes any other person to whom the affairs of the establi...
Recognised stock exchange
Recognised stock exchange, means a recognised stock exchange as referred to in clause (f) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and which fulfils such conditions as may be prescribed and notified by the Central Government for this purpose. [Income Tax Act, 1961 (43 of 1961), s. 43(5)(ii)]...
Accumulated loss
Accumulated loss, means so much of the loss of the amalgamating banking company under the head 'profits and gains of business or profession' (not being a loss sustained in a speculation business) which such amalgamating banking company, would have been entitled to carry forward and set off under the provisions of section 72 if the amalgamation had not taken place. [Income Tax Act, 1961 (43 of 1961), s. 72AA, Exp.]Means so much of the loss of the amalgamating banking company under the head 'Profits and gains of business or profession' is not being a loss sustained in a speculation business which such amalgamating bank company, would have been entitled to carry forward and set-off under the provisions of section 72 if the amalgamation had not taken place, [Income Tax Act, 1961, s. 72AA Explanation]...
Load-line
Load-line, a line painted on the sides of a ship to show how far up the sides the water will rise when the ship is loaded. The (English) Merchant Shipping Act, 1890 (53 & 54 Vict. c. 9), substituted a 'maximum load-line in salt water, to which it should be lawful to load a ship,' i.e., a compulsory load-line, for a load-line indicating a point beyond which the owner intended that it should not be loaded, as prescribed by the (English) Merchant Shipping Act, 1876, i.e., an optional load-line; and this provision of the Act of 1890 was re-enacted by s. 437 of the (English) Merchant Shipping Act, 1894, and see also s. 8 of the Merchant Shipping Act, 1906. Both these sections have now been repealed by the (English) Merchant Shipping (Safety and Load Line Conventions) Act, 1932 (22 Geo. 5, c. 9), and ss. 43 to 46 now prescribed the law.Under the (English) M.S. Act, 1894, s. 442, sub-mergence beyond the load-line by reason of weather was held to be an offence, Radcliffe v. Brickwell, (1927) 2...
Eligible issue of capital
Eligible issue of capital, means an issue made by a public company formed and registered in India or a public financial institution and the entire proceeds of the issue are utilised wholly and exclusively for the purpose of any business referred to in sub-section (4) of section 80-IA. [Income-tax Act, 1961 (43 of 1961), s. 80C(2)(xix) Expl. (i)]...
Ranges Act, 1891
Ranges Act, 1891 (English) (54 & 55 Vict. c. 54), facilitated the acquisition of ranges by or for volunteer corps; the Military Lands Act, 1892 (55 & 56 Vict. c. 43), has repealed and superseded it with the exception of its 11th section, so far as it relates to acquisition of land under the Defence Acts. As to the right of an owner, whose lands are compulsorily taken, to be compensated for the injurious affection of his adjoining lands, see Blundell v. Rex, (1905) 1 KB 516, and Acquisition of Land (Assessment of Compensation Act), 1919, also particular statutory provisions...
Life Insurance Corporation
Life Insurance Corporation, means the Lie Insurance Corporation of India established under section 3 of the Life Insurance Corporation Act. [Small Industries Development Bank of India Act, 1989, s. 2 (ha)]Means the Life Insurance Corporation of India established under the life Insurance Corporation Act, 1956 (31 of 1956). [Income Tax Act, 1961 (43 of 1961), s. 80C]...
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