Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
HC dismissed the revision petition challenging the conviction and sentencing for cheque dishonour. The accused failed to rebut the statutory presumption under Sections 118 and 139 of the Negotiable Instruments Act. The court held that the one-year imprisonment and compensation of Rs. 72,000 were appropriate, considering the deterrent nature of the offense and the complainant's financial losses. The plea of a blank cheque issued as security was rejected due to lack of supporting evidence. The trial court's findings were upheld, confirming the accused's liability for the dishonoured cheque.
HC dismissed the revision petition challenging the conviction and sentencing for cheque dishonour. The accused failed to rebut the statutory presumption under Sections 118 and 139 of the Negotiable Instruments Act. The court held that the one-year imprisonment and compensation of Rs. 72,000 were appropriate, considering the deterrent nature of the offense and the complainant's financial losses. The plea of a blank cheque issued as security was rejected due to lack of supporting evidence. The trial court's findings were upheld, confirming the accused's liability for the dishonoured cheque.
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TaxTMI 
TaxTMI 
of 4915 
