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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...
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The HC dismissed an appeal in a cheque dishonour case under Section 139 N.I. Act. Despite admitted cheque issuance by Respondent No.3, the court found the complainant's loan transaction claim lacked credibility. Key inconsistencies included: discrepancies between alleged loan date (June/July 2014) and pronote execution date (07.11.2014); contradictory testimony regarding who filled cheque details; imprudent expectation of Rs.12,00,000 business expansion loan repayment within one month; and illogical monthly interest clause for allegedly one-month loan. The court applied prudent man standard, concluding the entire transaction was suspicious and unreasonable. The Metropolitan Magistrate's acquittal was upheld, with the HC finding no merit in the appeal and dismissing it entirely.
The HC dismissed an appeal in a cheque dishonour case under Section 139 N.I. Act. Despite admitted cheque issuance by Respondent No.3, the court found the complainant's loan transaction claim lacked credibility. Key inconsistencies included: discrepancies between alleged loan date (June/July 2014) and pronote execution date (07.11.2014); contradictory testimony regarding who filled cheque details; imprudent expectation of Rs.12,00,000 business expansion loan repayment within one month; and illogical monthly interest clause for allegedly one-month loan. The court applied prudent man standard, concluding the entire transaction was suspicious and unreasonable. The Metropolitan Magistrate's acquittal was upheld, with the HC finding no merit in the appeal and dismissing it entirely.
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