Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Dishonor of cheque case - Issuance of summons - Cheque furnished as security covered u/s 138 of NI Act or not? - Scope and limited jurisdiction of High Court u/s 482 CrPC. Dispute based on books of accounts, complainant submitted invoices, ledger accounts, agreement. Accused contended cheques retained to recover outstanding dues. Complainant produced blank cheques given by accused as security. High Court prima facie opined difficulty in examining disputed facts at this stage. Issue whether cheques sent with purchase order discharged outstanding liability subject to trial. Outstanding dues existed on cheque issuance date. Entertaining quashing petition would result in finality without adducing evidence. Ingredients of Section 138 made out, complaint maintainable. No case for exercising extraordinary jurisdiction to quash criminal case. Petition dismissed.
Dishonor of cheque case - Issuance of summons - Cheque furnished as security covered u/s 138 of NI Act or not? - Scope and limited jurisdiction of High Court u/s 482 CrPC. Dispute based on books of accounts, complainant submitted invoices, ledger accounts, agreement. Accused contended cheques retained to recover outstanding dues. Complainant produced blank cheques given by accused as security. High Court prima facie opined difficulty in examining disputed facts at this stage. Issue whether cheques sent with purchase order discharged outstanding liability subject to trial. Outstanding dues existed on cheque issuance date. Entertaining quashing petition would result in finality without adducing evidence. Ingredients of Section 138 made out, complaint maintainable. No case for exercising extraordinary jurisdiction to quash criminal case. Petition dismissed.
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