Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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The complaint of dishonour of cheque was challenged for lack of necessary averments against the partners. Partnership Act provisions establish partners' liability for firm's business. Partners are agents and jointly/severally liable for firm's acts. In a partnership, all working partners are responsible for firm's business. Directors of a company have different responsibilities. Without public notice of retirement, partners remain liable. Court quashed the complaint against one partner (a sleeping partner) but allowed it to proceed against others. The High Court disposed of the petition.
The complaint of dishonour of cheque was challenged for lack of necessary averments against the partners. Partnership Act provisions establish partners' liability for firm's business. Partners are agents and jointly/severally liable for firm's acts. In a partnership, all working partners are responsible for firm's business. Directors of a company have different responsibilities. Without public notice of retirement, partners remain liable. Court quashed the complaint against one partner (a sleeping partner) but allowed it to proceed against others. The High Court disposed of the petition.
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