Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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...
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HC analyzed dishonour of cheque case under NI Act, focusing on rebuttal of statutory presumptions. The court held that an accused need not prove defense beyond reasonable doubt but must establish preponderance of probabilities. When challenging a cheque's validity, the accused can use direct or circumstantial evidence to create doubt about legally enforceable debt. The complainant bears the burden of explaining financial capacity when source of funds is questioned. Ultimately, the HC dismissed the appeal, upholding the trial court's acquittal, finding no illegality or impropriety in the original judgment.
HC analyzed dishonour of cheque case under NI Act, focusing on rebuttal of statutory presumptions. The court held that an accused need not prove defense beyond reasonable doubt but must establish preponderance of probabilities. When challenging a cheque's validity, the accused can use direct or circumstantial evidence to create doubt about legally enforceable debt. The complainant bears the burden of explaining financial capacity when source of funds is questioned. Ultimately, the HC dismissed the appeal, upholding the trial court's acquittal, finding no illegality or impropriety in the original judgment.
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