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 allows criminal petition, acquitting accused of NI Act Section 138 offense. The court found procedural irregularities in prosecution, specifically noting the failure to implead the Society as a party, which prevented vicarious liability. Consequently, the lower court's judgment sentencing the accused to six months imprisonment and Rs. 1.50 lacs compensation was set aside. The accused was directed to furnish a personal bond of Rs. 25,000 with a surety, effective for six months, with provisions for potential Supreme Court appearances. Fine amount, if deposited, shall be refunded after statutory limitation period.
HC allows criminal petition, acquitting accused of NI Act Section 138 offense. The court found procedural irregularities in prosecution, specifically noting the failure to implead the Society as a party, which prevented vicarious liability. Consequently, the lower court's judgment sentencing the accused to six months imprisonment and Rs. 1.50 lacs compensation was set aside. The accused was directed to furnish a personal bond of Rs. 25,000 with a surety, effective for six months, with provisions for potential Supreme Court appearances. Fine amount, if deposited, shall be refunded after statutory limitation period.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4789
Join Channel
TaxTMI 
