Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
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The HC upheld the conviction of the revision petitioner for dishonor of cheques, rejecting claims regarding complaint maintainability. The Court distinguished this case from A.C. Narayanan, finding proper authorization existed for filing the complaint as evidenced by corporate resolutions and the Memorandum and Articles of Association. The petitioner's contradictory defenses-claiming cheques were security deposits while also alleging coercion-undermined credibility. The petitioner's reply notice (Ex.P.46) acknowledged receipt of diamond jewelry and requested patience for payment, constituting admission of the transaction. Finding no perversity in the lower courts' findings based on documentary evidence, the HC dismissed the revision petition, concluding the complaint was maintainable and conviction justified under the NI Act.
The HC upheld the conviction of the revision petitioner for dishonor of cheques, rejecting claims regarding complaint maintainability. The Court distinguished this case from A.C. Narayanan, finding proper authorization existed for filing the complaint as evidenced by corporate resolutions and the Memorandum and Articles of Association. The petitioner's contradictory defenses-claiming cheques were security deposits while also alleging coercion-undermined credibility. The petitioner's reply notice (Ex.P.46) acknowledged receipt of diamond jewelry and requested patience for payment, constituting admission of the transaction. Finding no perversity in the lower courts' findings based on documentary evidence, the HC dismissed the revision petition, concluding the complaint was maintainable and conviction justified under the NI Act.
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