Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
HC dismisses petition challenging criminal proceedings for cheque dishonour. The court held that the petitioner, a former partner, cannot summarily escape liability under Section 138 read with Section 141 of NI Act. The retirement from partnership and potential non-responsibility are disputed factual matters requiring evidentiary determination at trial. No unimpeachable evidence was presented to conclusively establish the petitioner's non-liability. The court emphasized that Section 482 CrPC proceedings are not appropriate for resolving complex factual disputes. Consequently, the criminal proceedings against the petitioner shall continue, with the trial court to adjudicate the substantive liability issues.
HC dismisses petition challenging criminal proceedings for cheque dishonour. The court held that the petitioner, a former partner, cannot summarily escape liability under Section 138 read with Section 141 of NI Act. The retirement from partnership and potential non-responsibility are disputed factual matters requiring evidentiary determination at trial. No unimpeachable evidence was presented to conclusively establish the petitioner's non-liability. The court emphasized that Section 482 CrPC proceedings are not appropriate for resolving complex factual disputes. Consequently, the criminal proceedings against the petitioner shall continue, with the trial court to adjudicate the substantive liability issues.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
