Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Section 80P business attribution: ITAT allows deduction on investment interest and ancillary receipts, but excludes staff-loan and other non-eligible ...
Criminal breach of trust - loan and its repayment - dishonest intention or not - proceeding under Section 138 of the N.I. Act is pending for dishonor of cheque - Parallel proceedings or not - This case involved a dispute over the repayment of a loan, where the petitioners (a company and its directors) were accused of failing to fulfill their financial obligations, leading to charges under the IPC. The court's analysis revealed that the dispute was of a civil nature and that there was insufficient evidence of any criminal wrongdoing by the petitioners. Consequently, the court quashed the legal proceedings against them, highlighting the absence of dishonesty or misappropriation and emphasizing the importance of distinguishing between civil disputes and criminal offences.
Criminal breach of trust - loan and its repayment - dishonest intention or not - proceeding under Section 138 of the N.I. Act is pending for dishonor of cheque - Parallel proceedings or not - This case involved a dispute over the repayment of a loan, where the petitioners (a company and its directors) were accused of failing to fulfill their financial obligations, leading to charges under the IPC. The court's analysis revealed that the dispute was of a civil nature and that there was insufficient evidence of any criminal wrongdoing by the petitioners. Consequently, the court quashed the legal proceedings against them, highlighting the absence of dishonesty or misappropriation and emphasizing the importance of distinguishing between civil disputes and criminal offences.
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