Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...
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The High Court addressed the issue of dishonour of cheque and compounding of the matter. Referring to a Supreme Court case, it discussed the scope of Section 138 of the Negotiable Instruments Act and compounding under Section 147. The court recognized that proceedings u/s 138 are civil in nature with criminal implications. It noted that once the accused settled the liability, compounding under Section 147 was a genuine step towards justice. The court found that the accused and complainant had resolved the dispute, with the complainant having no further grievances as the accused had fulfilled his liability u/s 138. Consequently, the petition was disposed of.
The High Court addressed the issue of dishonour of cheque and compounding of the matter. Referring to a Supreme Court case, it discussed the scope of Section 138 of the Negotiable Instruments Act and compounding under Section 147. The court recognized that proceedings u/s 138 are civil in nature with criminal implications. It noted that once the accused settled the liability, compounding under Section 147 was a genuine step towards justice. The court found that the accused and complainant had resolved the dispute, with the complainant having no further grievances as the accused had fulfilled his liability u/s 138. Consequently, the petition was disposed of.
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