Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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Section 141 of the Negotiable Instruments Act does not impose automatic vicarious liability on a director merely because of directorship. A cheque-dishonour complaint must specifically allege that the person was in charge of and responsible for the company's business when the offence occurred, or that it resulted from that person's consent, connivance or neglect. General allegations are inadequate, particularly where the person neither signed the cheques nor remained a director when they were issued and dishonoured. Statutory records establishing resignation before issuance of the cheques negate such liability, and continuation of proceedings in those circumstances constitutes abuse of process.
Section 141 of the Negotiable Instruments Act does not impose automatic vicarious liability on a director merely because of directorship. A cheque-dishonour complaint must specifically allege that the person was in charge of and responsible for the company's business when the offence occurred, or that it resulted from that person's consent, connivance or neglect. General allegations are inadequate, particularly where the person neither signed the cheques nor remained a director when they were issued and dishonoured. Statutory records establishing resignation before issuance of the cheques negate such liability, and continuation of proceedings in those circumstances constitutes abuse of process.
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