Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Presumption u/ss 118(a) and 139 of the Negotiable Instruments Act was not properly applied by the Trial Court. When presumption u/s 139 is raised, the onus shifts to the accused to rebut it. The Trial Court erred by dissecting the complainant's case instead of first examining if the accused successfully rebutted the presumption. The Supreme Court in Sumeti Vij case clarified that statement u/s 313 CrPC alone is insufficient for rebuttal. The accused did not lead any defence evidence despite claiming trial. The presumption is based on common sense - acquitting the accused without evidence to rebut it turns the law on its head. The Trial Court's approach was fundamentally flawed, leading to setting aside of the impugned order and allowing the appeal.
Presumption u/ss 118(a) and 139 of the Negotiable Instruments Act was not properly applied by the Trial Court. When presumption u/s 139 is raised, the onus shifts to the accused to rebut it. The Trial Court erred by dissecting the complainant's case instead of first examining if the accused successfully rebutted the presumption. The Supreme Court in Sumeti Vij case clarified that statement u/s 313 CrPC alone is insufficient for rebuttal. The accused did not lead any defence evidence despite claiming trial. The presumption is based on common sense - acquitting the accused without evidence to rebut it turns the law on its head. The Trial Court's approach was fundamentally flawed, leading to setting aside of the impugned order and allowing the appeal.
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