Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dishonour of Cheque - amicable settlement of disputes - The Court observed that since the financial disputes underlying the criminal complaints had been resolved amicably, continuing the prosecution would not serve any purpose. Noting that the respondent (complainant) confirmed full receipt of the disputed amount and had no objection to quashing the proceedings, the Court decided to quash the impugned judgments and criminal proceedings under Section 138 of the Negotiable Instruments Act.
Dishonour of Cheque - amicable settlement of disputes - The Court observed that since the financial disputes underlying the criminal complaints had been resolved amicably, continuing the prosecution would not serve any purpose. Noting that the respondent (complainant) confirmed full receipt of the disputed amount and had no objection to quashing the proceedings, the Court decided to quash the impugned judgments and criminal proceedings under Section 138 of the Negotiable Instruments Act.
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