Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
The Delhi High Court dismissed a petition seeking to quash a complaint u/s 482 CrPC regarding dishonour of a cheque. The petitioner, a Chief Financial Officer, was held liable u/s 138 and 141 of the NI Act as a 'Key Managerial Personnel' of the company and signatory to the cheque. The complaint did not rely on u/s 28 of the NI Act but on u/s 141 to implicate the petitioner. The court distinguished the case from Sivagurunatha Pillai, stating it did not apply. The petition was dismissed, allowing the petitioner to present defenses at the Trial Court.
The Delhi High Court dismissed a petition seeking to quash a complaint u/s 482 CrPC regarding dishonour of a cheque. The petitioner, a Chief Financial Officer, was held liable u/s 138 and 141 of the NI Act as a 'Key Managerial Personnel' of the company and signatory to the cheque. The complaint did not rely on u/s 28 of the NI Act but on u/s 141 to implicate the petitioner. The court distinguished the case from Sivagurunatha Pillai, stating it did not apply. The petition was dismissed, allowing the petitioner to present defenses at the Trial Court.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
