Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Dishonor of Cheque - The accused account is at Vijaya Bank and the accused Bank has given endorsement of memo directly to the Manager of the complainant's Bank i.e., Karur Vysya Bank for dishonor of cheque due to insufficient funds. Therefore, the Karur Vysya Bank has given the said endorsement to the complainant for having dishonored the cheque. Therefore, there is no need for the complainant Bank to issue one more memo for dishonor of the cheque presented by the complainant. The Bank memo or letter issued by the Vijaya Bank of the accused is sufficient to show that the cheque has been dishonored for the reason 'insufficient funds'. - HC
Dishonor of Cheque - The accused account is at Vijaya Bank and the accused Bank has given endorsement of memo directly to the Manager of the complainant's Bank i.e., Karur Vysya Bank for dishonor of cheque due to insufficient funds. Therefore, the Karur Vysya Bank has given the said endorsement to the complainant for having dishonored the cheque. Therefore, there is no need for the complainant Bank to issue one more memo for dishonor of the cheque presented by the complainant. The Bank memo or letter issued by the Vijaya Bank of the accused is sufficient to show that the cheque has been dishonored for the reason 'insufficient funds'. - HC
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