Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
SC allowed the appeal, setting aside the HC's order quashing criminal proceedings under Section 138 of the Negotiable Instruments Act. The Court found sufficient averments to invoke vicarious liability against the non-executive director under Section 141. The complaint's allegations regarding the director's responsibility for day-to-day affairs of the company were deemed adequate to proceed with the criminal case. The original process order was restored, directing the Metropolitan Magistrate to continue proceedings in accordance with law.
SC allowed the appeal, setting aside the HC's order quashing criminal proceedings under Section 138 of the Negotiable Instruments Act. The Court found sufficient averments to invoke vicarious liability against the non-executive director under Section 141. The complaint's allegations regarding the director's responsibility for day-to-day affairs of the company were deemed adequate to proceed with the criminal case. The original process order was restored, directing the Metropolitan Magistrate to continue proceedings in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
