Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Statutory presumptions under Sections 118 and 139 of the N.I. Act arose once the cheque and signature were proved, and the accused's bare plea of non-issuance, unsupported by expert evidence, witnesses, or credible material, failed to rebut the presumption of a legally enforceable debt on the preponderance of probabilities. The bank return memo also carried the statutory presumption of correctness under Section 146, so the objection that no bank official was examined was rejected. The High Court further held that revisional interference with concurrent findings is confined to patent illegality, perversity, or miscarriage of justice; finding none, it upheld the conviction and dismissed the revision.
Statutory presumptions under Sections 118 and 139 of the N.I. Act arose once the cheque and signature were proved, and the accused's bare plea of non-issuance, unsupported by expert evidence, witnesses, or credible material, failed to rebut the presumption of a legally enforceable debt on the preponderance of probabilities. The bank return memo also carried the statutory presumption of correctness under Section 146, so the objection that no bank official was examined was rejected. The High Court further held that revisional interference with concurrent findings is confined to patent illegality, perversity, or miscarriage of justice; finding none, it upheld the conviction and dismissed the revision.
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