Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
A statutory demand notice under section 138 of the Negotiable Instruments Act must precisely state the amount due under validly dishonoured cheques. The text notes that a cheque presented after its validity expires, or a post-dated cheque presented prematurely, cannot support prosecution; combining their amounts with valid cheques in one demand renders the composite notice invalid. It also states that a notice returned with the postal endorsement "not known" is not good service unless appropriate further service steps are taken. On these grounds, the appellate acquittal under section 138 was affirmed and the appeal dismissed.
A statutory demand notice under section 138 of the Negotiable Instruments Act must precisely state the amount due under validly dishonoured cheques. The text notes that a cheque presented after its validity expires, or a post-dated cheque presented prematurely, cannot support prosecution; combining their amounts with valid cheques in one demand renders the composite notice invalid. It also states that a notice returned with the postal endorsement "not known" is not good service unless appropriate further service steps are taken. On these grounds, the appellate acquittal under section 138 was affirmed and the appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.