Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Suit for recovery of money on the foot of promissory note - Burden/onus to prove - The High Court found in favor of the plaintiff, overturning the decision of the subordinate court. The court ruled that the plaintiff had adequately proved the execution of the promissory note, and the defendants failed to rebut the presumption under the Negotiable Instruments Act. The court also rejected the defendants' arguments regarding non-impleading of a party and discrepancies in witness testimony.
Suit for recovery of money on the foot of promissory note - Burden/onus to prove - The High Court found in favor of the plaintiff, overturning the decision of the subordinate court. The court ruled that the plaintiff had adequately proved the execution of the promissory note, and the defendants failed to rebut the presumption under the Negotiable Instruments Act. The court also rejected the defendants' arguments regarding non-impleading of a party and discrepancies in witness testimony.
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