Income Declaration Scheme declarations can evidence share-capital sources, while round-tripped funds and cash-linked credits require further verificat...
Permanent establishment tests: independent subsidiary premises and principal-to-principal dealings did not create Indian taxability for offshore suppl...
Valuation Officer estimates govern property-value additions once statutory valuation is invoked, requiring fresh consideration of objections and compa...
Waiver of written show-cause notice may prevent a later procedural challenge after participation in customs adjudication, preserving statutory appella...
Retrospective invalidity of ocean-freight IGST supports refunds despite non-party status and prior credit utilisation, subject to authorised appeal gr...
Dishonour of Cheque - Compoundable offences - frustration of settlement - Despite the respondent's opposition to compounding the offenses, the court emphasized the importance of compensatory justice in such cases. It acknowledged the appellant's efforts to repay the amount and noted that continuing the criminal proceedings would be unjustified. Therefore, the court quashed all pending criminal proceedings and directed the trial court to hand over the deposited amount to the respondent.
Dishonour of Cheque - Compoundable offences - frustration of settlement - Despite the respondent's opposition to compounding the offenses, the court emphasized the importance of compensatory justice in such cases. It acknowledged the appellant's efforts to repay the amount and noted that continuing the criminal proceedings would be unjustified. Therefore, the court quashed all pending criminal proceedings and directed the trial court to hand over the deposited amount to the respondent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
