Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SC held that mere resignation or internal partnership agreement does not legally discharge a partner's liability under the Negotiable Instruments Act. Statutory requirements mandating registration of partner changes with the Registrar of Firms were not followed. The partner remained liable for cheque dishonor, particularly given involvement in firm's daily operations and participation in cheque issuance. The HC's order was set aside, and the trial court proceedings were restored for further adjudication in accordance with legal provisions governing partnership firms and cheque-related offenses.
SC held that mere resignation or internal partnership agreement does not legally discharge a partner's liability under the Negotiable Instruments Act. Statutory requirements mandating registration of partner changes with the Registrar of Firms were not followed. The partner remained liable for cheque dishonor, particularly given involvement in firm's daily operations and participation in cheque issuance. The HC's order was set aside, and the trial court proceedings were restored for further adjudication in accordance with legal provisions governing partnership firms and cheque-related offenses.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
