Separate speaking orders on reopening objections are mandatory; deciding them within reassessment invalidates jurisdiction and precludes revival of st...
Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated fact...
Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the ac...
Parallel criminal acquittal for failure to prove penal ingredients does not by itself negate an independently acknowledged financial liability supporting cheque dishonour proceedings. A notarized agreement and written declaration may establish a legally enforceable debt. Once foundational facts are proved, presumptions of consideration and discharge arise and require a probable, material-supported defence; an uncorroborated snatched-cheque assertion without a contemporaneous police complaint or bank intimation is insufficient. Registered dispatch to the drawer's correct address supports due service of the statutory demand notice, while revisional review remains limited to perversity, lack of evidence, or material legal or procedural error.
Parallel criminal acquittal for failure to prove penal ingredients does not by itself negate an independently acknowledged financial liability supporting cheque dishonour proceedings. A notarized agreement and written declaration may establish a legally enforceable debt. Once foundational facts are proved, presumptions of consideration and discharge arise and require a probable, material-supported defence; an uncorroborated snatched-cheque assertion without a contemporaneous police complaint or bank intimation is insufficient. Registered dispatch to the drawer's correct address supports due service of the statutory demand notice, while revisional review remains limited to perversity, lack of evidence, or material legal or procedural error.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
