Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
HC held that under Sections 118 and 139 of the Negotiable Instruments Act, rebuttable presumptions favor the complainant when cheque execution is admitted or proven. The accused failed to effectively rebut statutory presumptions regarding legally enforceable debt. Revisional jurisdiction permits interference only where lower court orders demonstrate illegality or impropriety. The court found sufficient evidence supporting the complainant's claim, thus partially allowing the revision petition by modifying the sentence while maintaining conviction and compensation order.
HC held that under Sections 118 and 139 of the Negotiable Instruments Act, rebuttable presumptions favor the complainant when cheque execution is admitted or proven. The accused failed to effectively rebut statutory presumptions regarding legally enforceable debt. Revisional jurisdiction permits interference only where lower court orders demonstrate illegality or impropriety. The court found sufficient evidence supporting the complainant's claim, thus partially allowing the revision petition by modifying the sentence while maintaining conviction and compensation order.
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TaxTMI 
TaxTMI 
of 4916 
