Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
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The HC held that a cash loan of Rs. 5 lakhs, though in violation of Section 269SS of the IT Act, does not negate its status as a legally enforceable debt under Section 138 of the NI Act. The Trial Court's finding that the loan was unenforceable due to non-compliance with Section 269SS was overturned. The accused admitted signing the cheque, triggering the statutory presumption under Section 139 of the NI Act. The claim that the cheque was blank when issued did not discharge the accused's burden to rebut the presumption. Allegations of forgery were dismissed as minor clerical corrections without prejudice. Consequently, the accused failed to rebut the presumption of liability, and the essential ingredients of the offence under Section 138 NI Act were established. The conviction under Section 138 NI Act was restored, the Trial Court's judgment set aside, and the matter was remanded for sentencing.
The HC held that a cash loan of Rs. 5 lakhs, though in violation of Section 269SS of the IT Act, does not negate its status as a legally enforceable debt under Section 138 of the NI Act. The Trial Court's finding that the loan was unenforceable due to non-compliance with Section 269SS was overturned. The accused admitted signing the cheque, triggering the statutory presumption under Section 139 of the NI Act. The claim that the cheque was blank when issued did not discharge the accused's burden to rebut the presumption. Allegations of forgery were dismissed as minor clerical corrections without prejudice. Consequently, the accused failed to rebut the presumption of liability, and the essential ingredients of the offence under Section 138 NI Act were established. The conviction under Section 138 NI Act was restored, the Trial Court's judgment set aside, and the matter was remanded for sentencing.
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