Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The Calcutta High Court ruled on a case involving dishonour of a cheque due to insufficient funds. The accused was acquitted as the complainant failed to prove money lending authority and rebut the presumption u/s 139 of the Negotiable Instruments Act. The court held that the demand notice and presumption favored the complainant. The magistrate's findings were deemed contrary to the law. Referring to a Supreme Court case, it was stated that even a blank signed cheque leaf implies a debt under u/s 139. The accused was convicted u/s 138 and directed to pay a fine of Rs. 8 lakhs within two months or face imprisonment. The application was disposed of accordingly.
The Calcutta High Court ruled on a case involving dishonour of a cheque due to insufficient funds. The accused was acquitted as the complainant failed to prove money lending authority and rebut the presumption u/s 139 of the Negotiable Instruments Act. The court held that the demand notice and presumption favored the complainant. The magistrate's findings were deemed contrary to the law. Referring to a Supreme Court case, it was stated that even a blank signed cheque leaf implies a debt under u/s 139. The accused was convicted u/s 138 and directed to pay a fine of Rs. 8 lakhs within two months or face imprisonment. The application was disposed of accordingly.
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