Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
HC dismissed the revision and sustained conviction under s.138 of the NI Act. The accused admitted borrowing Rs.1,50,000 and issuing a security/blank cheque for Rs.50,000; issuance and signature were undisputed, thereby attracting the statutory presumptions u/s 118(a) and 139. The accused failed to rebut the presumption: his s.313 CrPC statement and uncorroborated denial that payment was made were held insufficient, and no defence evidence was led. Notice was deemed served. Trial court's compensation of Rs.68,000 was affirmed as reasonable given the delay and loss of use; no interference warranted with concurrent findings and sentence.
HC dismissed the revision and sustained conviction under s.138 of the NI Act. The accused admitted borrowing Rs.1,50,000 and issuing a security/blank cheque for Rs.50,000; issuance and signature were undisputed, thereby attracting the statutory presumptions u/s 118(a) and 139. The accused failed to rebut the presumption: his s.313 CrPC statement and uncorroborated denial that payment was made were held insufficient, and no defence evidence was led. Notice was deemed served. Trial court's compensation of Rs.68,000 was affirmed as reasonable given the delay and loss of use; no interference warranted with concurrent findings and sentence.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
