Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

main pot

Tax. A step in evaluating tax liability in which qualified transactions are compared to determine whether a net gain or loss has occurred. IRC (26 USCA) ยง 1231. - Also termed big pot; hotchpot; hodgepodge. Cf. cAsuALTY POT.