Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Vicarious liability of directors for cheque dishonour under Section 141 of the Negotiable Instruments Act requires specific averments showing how and in what manner each director was in charge of, and responsible for, the company's business. A general statement that all directors managed daily affairs is insufficient, particularly where the complaint neither assigns an individual role nor identifies the cheque signatory. The notes state that absent these foundational allegations, proceedings against a non-signatory director amount to abuse of process and may be quashed insofar as that director is concerned.
Vicarious liability of directors for cheque dishonour under Section 141 of the Negotiable Instruments Act requires specific averments showing how and in what manner each director was in charge of, and responsible for, the company's business. A general statement that all directors managed daily affairs is insufficient, particularly where the complaint neither assigns an individual role nor identifies the cheque signatory. The notes state that absent these foundational allegations, proceedings against a non-signatory director amount to abuse of process and may be quashed insofar as that director is concerned.
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