Just a moment...
We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
Help Us Improve - by giving the rating with each AI Result:
Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
The court held that even if a debt is time-barred, the issuance of a cheque towards such debt creates a fresh legally enforceable liability u/s 25(3) of the Indian Contract Act, 1872. This provision deems a written promise to pay a time-barred debt as a valid contract. Consequently, the dishonor of such a cheque can attract penal provisions u/s 138 of the Negotiable Instruments Act. The acquittal order was set aside, recognizing that the furnishing of a cheque for a time-barred debt effectively resurrects the debt itself through a fresh agreement u/s 25(3) of the ICA. Denying the drawee's right to invoke Section 138 despite Section 25(3)'s recognition of a fresh agreement to pay would be an unfortunate disentitlement.