Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
The accused successfully rebutted the mandatory presumption u/s 139 of the Negotiable Instruments Act by raising a probable defence and bringing in suspicious circumstances regarding the consideration of the cheque. The complainant failed to remove such suspicion by tendering a satisfactory explanation. The HC upheld the accused's acquittal by the trial court, affirming the presumption of innocence, as the complainant failed to prove the consideration as a matter of fact after the onus shifted.
The accused successfully rebutted the mandatory presumption u/s 139 of the Negotiable Instruments Act by raising a probable defence and bringing in suspicious circumstances regarding the consideration of the cheque. The complainant failed to remove such suspicion by tendering a satisfactory explanation. The HC upheld the accused's acquittal by the trial court, affirming the presumption of innocence, as the complainant failed to prove the consideration as a matter of fact after the onus shifted.
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