Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Internal Revenue Code
Title 26 of the U. S. Code, containing all current federal tax laws. - Abbr. IRC. -- Also termed tax law
Internal Revenue Service.
The branch of the U.S. Treasury Department responsible for administering the Internal Revenue Code and providing taxpayer education. - Abbr. IRS.
Revenue Procedure
An official statement by the IRS regarding the administration and procedures of the tax laws. - Abbr. Rev. Proc.
Revenue Ruling
An official interpretation by the IRS of the proper application of the tax law to a specific transaction. ( Revenue Rulings carry some authoritative weight and may be relied on by the taxpayer who requested the ruling. - Abbr. Rev. Rul.
change of venue
1. The transfer of a lawsuit from one locale to another. 2. The transfer of a lawsuit begun in one court to another court in the same district, usu. because of questions of fairness. - Also termed transfer of venue. See VENUE.
current revenue
See current income under IN. COME.
deferred revenue.
See prepaid income under INCOME.
general revenue
The income stream from which a state or municipality pays its obligations unless a law calls for payment from a special fund. See general fund under FUND (1).
general revenue fund
See FUND (1).
industrial-revenue bond.
See industrial-development bond under BOND (3).
inland revenue
See INTERNAL REVENUE.
internal revenue
Governmental revenue derived from domestic taxes rather than from customs or import duties. - Also termed (outside the United States) inland revenue.
land revenue
Revenue derived from lands owned by the Crown in Great Britain. Crown lands have been so largely granted away to subjects that they are now transferred within very narrow limits. See Crown land under LAND.
laying of the venue
A statement in a complaint naming the district or county in which the plaintiff proposes that any trial of the matter should occur. See VENUE.
marginal revenue
The amount of revenue earned from the sale of one additional unit.
motion to transfer venue
A request that the court transfer the case to another district or county, usu. because the original venue is improper under the applicable venue rules or because of local prejudice. See VENUE; CHANGE OF VENUE.
net revenue
See net profit under PROFIT.
revenue agent's report.
A report indicating any adjustments made to a tax return as a result of an IRS audit. ( After an audit, this report is mailed to the taxpayer along with a 30-day letter. - Abbr. RAR. See 30-DAY LETTER.
revenue bill
A bill that levies or raises taxes. 0 Federal revenue bills must originate in the House of Representatives. U.S. Const. art. I, ยง 7, cl. 1. - Also termed money bill.
revenue bill.
See BILL (3).
revenue bond
A government bond repayable from public funds.
revenue stamp
A stamp used as evidence that a tax has been paid.
revenue tariff
A tariff enacted solely or primarily to raise revenue. 3. A fee that a public utility or telecommunications company may assess for its services. The tariffs that a provider may charge are limited by statute. 4. A schedule listing the rates charged for services provided by a public utility, the U.S. -Postal Service, or a business (esp. one that must by law file its rates with a public agency). - tariff, ub.
revenue.
Gross income or receipts.
surplus revenue
See appropriated retained earnings under EARNINGS.
venue
[Law French "coming"] Procedure. 1. The proper or a possible place for the trial of a lawsuit, usu. because the place has some connection with the events that have given rise to the lawsuit. 2. The county or other territory over which a trial court has jurisdiction. Cf. JURISDICTION. 3. Loosely, the place where a conference or meeting is being held. 4. In a pleading, the statement establishing the place for trial. 5. In an affidavit, the designation of the place where it was made.
venue facts
Archaic. Facts that need to be established in a hearing to determine whether venue is proper in a given court.
venue, change of
See CHANGE OF VENUE.