Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
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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