Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
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 4786
Join Channel
TaxTMI 
