Finance - Indian Laws - General

Word Finance As per Blacks Law Dictionary- gives the meaning of the term finance is to provide with capital or loan money as needed to carry on business. In the Dictionary of Advanced Law Lexicon, the meaning given is-The pecuniary resources of a Government or a company; to provide with necessary funds. In Collins Cobuild English Dictionary, the meaning is given as-when some one finances something such as a project or a purchase, they provide the money that is needed to pay for them. In Merriam Webster s Collegiate Dictionary, the meaning is given as the obtaining of funds or capital. In the Oxford Advanced Learner s Dictionary, the meaning is given as- money used to run a business, an activity or a project. [THE CIT AND THE ASST. DIRECTOR INCOME TAX (EXEMPTION)- 2015 (2) TMI 360 - KARNATAKA HIGH COURT]