Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Dishonour of Cheque - vicarious liability of the director - appellant was in-charge of day-to-day affairs of the Company or not - The appellant argued against her vicarious liability under Section 138 of the Negotiable Instruments Act, contending that she was not involved in the company's day-to-day affairs and was not a signatory to the cheques in question. The court found the allegations insufficient to establish the appellant's liability and quashed the proceedings against her. - Mere directorship does not automatically entail liability. - The court noted that the complaint lacked specific averments demonstrating how the appellant was in charge of the company's day-to-day affairs or responsible for its conduct.
Dishonour of Cheque - vicarious liability of the director - appellant was in-charge of day-to-day affairs of the Company or not - The appellant argued against her vicarious liability under Section 138 of the Negotiable Instruments Act, contending that she was not involved in the company's day-to-day affairs and was not a signatory to the cheques in question. The court found the allegations insufficient to establish the appellant's liability and quashed the proceedings against her. - Mere directorship does not automatically entail liability. - The court noted that the complaint lacked specific averments demonstrating how the appellant was in charge of the company's day-to-day affairs or responsible for its conduct.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
