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Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
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Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
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.
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