Legal Dictionary of Pakistan

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

recognized gain

The portion of a gain that is subject to income taxation. IRC (26 USCA) § 1001(c). See BOOT (1).4. (pl.) Civil law. A type of community property that reflects the increase in property value brought about by the spouses' common skill labor. See COMMUNITY PROPERTY. Cf. ACQUE

recognized gain.

See GAIN (3)