Supervisory permanent establishment requires project-wise duration and qualifying construction nexus; offshore supplies and salary reimbursements rema...
Transfer-pricing comparability permits fresh objections and filters where software service comparables are functionally unsuitable for arm's-length pr...
Territorial rendering requirement excludes China-based management and consultancy services from fees for technical services under the India-China DTAA...
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Merger of a drawee bank transfers its assets, liabilities and customer accounts to the resulting bank; it does not extinguish the account or invalidate a cheque drawn on it. The cheque recipient may present the cheque without fault despite the merger. Claims that the cheque was misplaced constitute a defence requiring trial, rather than a ground to quash cheque-dishonour proceedings. Account closure likewise does not justify quashing. Cheque-dishonour proceedings therefore continue, with the drawer retaining liberty to raise available defences during trial.
Merger of a drawee bank transfers its assets, liabilities and customer accounts to the resulting bank; it does not extinguish the account or invalidate a cheque drawn on it. The cheque recipient may present the cheque without fault despite the merger. Claims that the cheque was misplaced constitute a defence requiring trial, rather than a ground to quash cheque-dishonour proceedings. Account closure likewise does not justify quashing. Cheque-dishonour proceedings therefore continue, with the drawer retaining liberty to raise available defences during trial.
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