Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC dismissed the complainant's application for leave to appeal against acquittal in a dishonored cheque case under Section 138 of the Negotiable Instruments Act. The accused successfully rebutted the statutory presumption under Section 139 by establishing that cheques were issued as security rather than for discharge of legal liability. The complainant's contradictory testimony regarding the year of cheque issuance (2017 versus 2020) shifted the burden to prove legal liability. The complainant failed to establish subsisting liability on the presentation date, as required when cheques are issued as security. The trial court's acquittal was upheld as reasonable, with the HC declining to interfere despite alternative interpretations being possible.
The HC dismissed the complainant's application for leave to appeal against acquittal in a dishonored cheque case under Section 138 of the Negotiable Instruments Act. The accused successfully rebutted the statutory presumption under Section 139 by establishing that cheques were issued as security rather than for discharge of legal liability. The complainant's contradictory testimony regarding the year of cheque issuance (2017 versus 2020) shifted the burden to prove legal liability. The complainant failed to establish subsisting liability on the presentation date, as required when cheques are issued as security. The trial court's acquittal was upheld as reasonable, with the HC declining to interfere despite alternative interpretations being possible.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
