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Nil debet

Nil debet (he owes nothing), the old form of the general issue in all actions of debt not founded on a specialty. This plea

Option of purchase in a lease

Option of purchase in a lease. A clause giving the lessee the option of purchasing the reversion for a fixed sum within a limited number of years, or

Penalty

Penalty, is a liability under the taxing statute, Khemka & Co. v. State of Maharashtra, AIR 1975 SC 1549. Penalty, is legal or official

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Person employed

Person employed, 'person employed' means - (a) in the case of a factory or an industrial undertaking, a member of the clerical staff employed in such factory

Plant

Plant, has been defined as the tools, machinery, fixtures, buildings, grounds, etc. of a factory or business; the apparatus or equipment for a certain

Processing, in common parlance 'processing' is understood as an action which brings forth some change or alteration of the goods or material which is subjected to the act of processing. 'What is necessary in order to characterise

Produce

Produce, is 'to bring forward; to show or exhibit; to bring into view or notice; to bring to surface', Black's Law Dictionary; C.I.T. v.

Reside

Reside, means dwell permanently or for a considerable time, to have one's settled or usual abode, to live in or at a particular place, Oxford Dictionary. Means

it represents an interest measured by a sum of money and made up of diverse rights contained in the contract evidenced by the articles of association of the Company, I.T. Commissioner v. Standard Vacuum Oil Co. Ltd.,

Weaving

Weaving, expression 'weaving' means to form a fabric by interlacing yarn on a loom. It also means the method or pattern of weaving

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