Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Vicarious criminal liability of directors under Section 141 of the Negotiable Instruments Act requires strict compliance with the statutory conditions: the complaint must specifically aver how a director was in charge of and responsible for the company's business. General statements that directors managed day-to-day affairs are insufficient, and the complaint must also disclose who signed the dishonoured cheque. As the petition contained only general allegations and no specific role, participation, or cheque-signatory details, the court held that continuation of the proceeding against the petitioner would be an abuse of process and quashed it.
Vicarious criminal liability of directors under Section 141 of the Negotiable Instruments Act requires strict compliance with the statutory conditions: the complaint must specifically aver how a director was in charge of and responsible for the company's business. General statements that directors managed day-to-day affairs are insufficient, and the complaint must also disclose who signed the dishonoured cheque. As the petition contained only general allegations and no specific role, participation, or cheque-signatory details, the court held that continuation of the proceeding against the petitioner would be an abuse of process and quashed it.
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