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...
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The HC affirmed the appellate court's acquittal of the accused in proceedings under s.138 N.I. Act and dismissed the appeal, concluding the offence was not made out because the statutory precondition of effective notice was not satisfied. The court found the complainant failed to prove receipt of the dishonour notice by the drawer; presumptions under s.114 Evidence Act and service by post under s.27 General Clauses Act were inapplicable where delivery to an unidentified girl at the residence was unproved and Order V r.15 CPC's family-member service rule was not attracted. As the 15-day payment contingency post-receipt did not arise, criminal liability under s.138 could not be sustained.
The HC affirmed the appellate court's acquittal of the accused in proceedings under s.138 N.I. Act and dismissed the appeal, concluding the offence was not made out because the statutory precondition of effective notice was not satisfied. The court found the complainant failed to prove receipt of the dishonour notice by the drawer; presumptions under s.114 Evidence Act and service by post under s.27 General Clauses Act were inapplicable where delivery to an unidentified girl at the residence was unproved and Order V r.15 CPC's family-member service rule was not attracted. As the 15-day payment contingency post-receipt did not arise, criminal liability under s.138 could not be sustained.
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