Business expenditure and depreciation rules allow operational outgoings while limiting disallowances for personal elements and unsupported third-party...
Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
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The Andhra Pradesh High Court allowed the application for compromise in a dishonour of cheque case. The terms of the compromise were read and admitted by the parties. Referring to a Supreme Court decision, it was noted that costs for compounding during proceedings should be deposited with the District Legal Services Authority. The court, satisfied with the compromise and settlement, set aside the judgment, acquitted the accused u/s 138 of N.I. Act, and disposed of the application.
The Andhra Pradesh High Court allowed the application for compromise in a dishonour of cheque case. The terms of the compromise were read and admitted by the parties. Referring to a Supreme Court decision, it was noted that costs for compounding during proceedings should be deposited with the District Legal Services Authority. The court, satisfied with the compromise and settlement, set aside the judgment, acquitted the accused u/s 138 of N.I. Act, and disposed of the application.
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