Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
HC adjudicated a cheque dishonour case under Negotiable Instruments Act. The accused issued a cheque for legally enforceable debt, which was subsequently dishonoured due to insufficient funds. The memo of dishonour under Section 146 NI Act carried presumptive correctness, and the accused failed to rebut this presumption. All ingredients of Section 138 NI Act were satisfied, establishing the accused's liability. The HC modified the trial court's judgment, reducing the sentence from two years to six months and default sentence from one year to three months. The appeal was partially allowed, affirming the conviction while mitigating the punishment.
HC adjudicated a cheque dishonour case under Negotiable Instruments Act. The accused issued a cheque for legally enforceable debt, which was subsequently dishonoured due to insufficient funds. The memo of dishonour under Section 146 NI Act carried presumptive correctness, and the accused failed to rebut this presumption. All ingredients of Section 138 NI Act were satisfied, establishing the accused's liability. The HC modified the trial court's judgment, reducing the sentence from two years to six months and default sentence from one year to three months. The appeal was partially allowed, affirming the conviction while mitigating the punishment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
