Question
What are super normal profits made by companies due to
an unprecedented event, as indicated in the para above, known as?Solution
Windfall gain (or windfall profit) is an unexpected gain in income from an unforeseen source/event. Windfall gains may take place due to sudden steep rise in prices of a commodity or extreme shortage of a resource, asset or product. For an individual, windfall gain could be a sudden spike in income due to one-time events like inheritance of property, money gained on selling property when its prices increase dramatically, etc. Windfall gain may also refer to gains from winning a lottery, betting income etc. A windfall tax is a one-off tax imposed by a government on a company on such windfall gains, which is over and above the normal rates of tax.
According to the provisions of CPC every suit shall be instituted by__________
In the case of Harvey v. Facey it was held that___________
What does resolution plan mean?
Coal Mines (Special Provisions) Act 2015 shall be deemed to have come into force on
As per section 25 of the Companies Act what constitutes evidence that an allotment of securities was made with a view to the securities being offered fo...
Whoever, with the deliberate intention to wound religious feelings of any person. utter words or make any sound is liable for punishment under of the I...
According to the provisions of the CPC place of trial to be deemed to be open Court. Which of the following options accurately describes the concept men...
Under the Indian Evidence Act, evidence may be given of_________________
The good faith of a sale by a client to an attorney is in question in a suit brought by the client.
In tort law, which of the following is an essential element of negligence?
