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...
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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 affirmed the trial court's conviction of the accused under Section 138 of the NI Act for dishonour of cheque due to insufficient funds. The accused failed to rebut the statutory presumption of liability, as mere denial under Section 313 Cr.P.C. was insufficient without adducing defense evidence. The cheque was issued against a legally enforceable debt, and the complainant was the holder in due course entitled to maintain the complaint. The accused did not dispute the loan or account details and failed to pay despite receipt of demand notice. The revision petition challenging the conviction and sentence was dismissed, affirming the imposition of imprisonment for default in payment of compensation.
The HC affirmed the trial court's conviction of the accused under Section 138 of the NI Act for dishonour of cheque due to insufficient funds. The accused failed to rebut the statutory presumption of liability, as mere denial under Section 313 Cr.P.C. was insufficient without adducing defense evidence. The cheque was issued against a legally enforceable debt, and the complainant was the holder in due course entitled to maintain the complaint. The accused did not dispute the loan or account details and failed to pay despite receipt of demand notice. The revision petition challenging the conviction and sentence was dismissed, affirming the imposition of imprisonment for default in payment of compensation.
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