Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Dishonor of Cheque - It is apparent from the record that the allegation made by respondent is with regard to theft of his cheque which is the subject-matter of complaint registered u/s 138 of NI Act by petitioner. Aforesaid modus operandi on the part of respondent reflects clear mala fide to escape from the liability of issuance of cheque by him and it is a clear abuse of process of Court and same could not be sustained in the eyes of law. - HC
Dishonor of Cheque - It is apparent from the record that the allegation made by respondent is with regard to theft of his cheque which is the subject-matter of complaint registered u/s 138 of NI Act by petitioner. Aforesaid modus operandi on the part of respondent reflects clear mala fide to escape from the liability of issuance of cheque by him and it is a clear abuse of process of Court and same could not be sustained in the eyes of law. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
