Examlex
When there is a mutual mistake as to a material fact inducing a contract, rescission is inappropriate.
Book Income
The income reported by a company in its financial statements according to the applicable accounting rules, which may differ from taxable income.
Taxable Income
The amount of income that is subject to income tax after deductions and exemptions.
Book Income
The income reported by a company in its financial statements, calculated based on accounting rules rather than tax regulations.
Taxable Income
The portion of an individual's or company's income that is subject to taxes according to government regulations.
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