Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Dishonour of Cheque - vicarious liability of director - The petitioners argued that they had resigned from their directorship well before the cheque was issued and could not be held liable. The court examined the evidence, including resignation letters and company records, and found that the petitioners had indeed resigned before the cheque was issued. Relying on legal precedents, the court ruled that the petitioners could not be held liable for the dishonour of the cheque under the provisions of the Negotiable Instruments Act.
Dishonour of Cheque - vicarious liability of director - The petitioners argued that they had resigned from their directorship well before the cheque was issued and could not be held liable. The court examined the evidence, including resignation letters and company records, and found that the petitioners had indeed resigned before the cheque was issued. Relying on legal precedents, the court ruled that the petitioners could not be held liable for the dishonour of the cheque under the provisions of the Negotiable Instruments Act.
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