Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Dishonour of Cheque - vicarious liability of Director of the Company - The petitioner, a former non-executive additional director of the accused company, contended that they had resigned before the offense and that the complaint lacked specific allegations regarding their involvement. The court found the petitioner's resignation supported by documentary evidence and observed deficiencies in the complaint's averments. Referring to legal precedents, it emphasized the need for specific allegations to establish liability. Consequently, the court quashed the complaint against the petitioner, citing it as an abuse of the legal process.
Dishonour of Cheque - vicarious liability of Director of the Company - The petitioner, a former non-executive additional director of the accused company, contended that they had resigned before the offense and that the complaint lacked specific allegations regarding their involvement. The court found the petitioner's resignation supported by documentary evidence and observed deficiencies in the complaint's averments. Referring to legal precedents, it emphasized the need for specific allegations to establish liability. Consequently, the court quashed the complaint against the petitioner, citing it as an abuse of the legal process.
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