Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
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 
of 4828 
Join Channel 
