Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
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...
HC held that the settlement in Lok Adalat constitutes a legally enforceable civil decree. After receiving Rs. 13,00,000 out of the agreed Rs. 16,50,000, the subsequent complaint under Section 138 of Negotiable Instruments Act was deemed unsustainable. The court quashed the third complaint, noting that multiple proceedings for the same debt would result in double jeopardy. The complainant's recourse is limited to executing the settlement under Cr.P.C. or initiating contempt proceedings. The petitioner was discharged, with no observations made regarding the amount already received, leaving parties free to pursue appropriate legal remedies.
HC held that the settlement in Lok Adalat constitutes a legally enforceable civil decree. After receiving Rs. 13,00,000 out of the agreed Rs. 16,50,000, the subsequent complaint under Section 138 of Negotiable Instruments Act was deemed unsustainable. The court quashed the third complaint, noting that multiple proceedings for the same debt would result in double jeopardy. The complainant's recourse is limited to executing the settlement under Cr.P.C. or initiating contempt proceedings. The petitioner was discharged, with no observations made regarding the amount already received, leaving parties free to pursue appropriate legal remedies.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
