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Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
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The HC dismissed the petitions seeking quashing of the summoning orders under the NI Act, holding that the petitioner failed to produce unimpeachable material warranting exercise of Section 482 CrPC at the pre-trial stage. Allegations that the petitioner was a director and responsible for the company's day-to-day affairs at the time of issuance of the disputed cheques remain prima facie established by the complaint; subsequent resignation did not negate liability. The court reiterated that factual disputes regarding vicarious liability and managerial control under Sections 138/141 are inappropriate for Section 482 adjudication unless disproved by sterling evidence, and therefore declined to interfere with the trial court's process.
The HC dismissed the petitions seeking quashing of the summoning orders under the NI Act, holding that the petitioner failed to produce unimpeachable material warranting exercise of Section 482 CrPC at the pre-trial stage. Allegations that the petitioner was a director and responsible for the company's day-to-day affairs at the time of issuance of the disputed cheques remain prima facie established by the complaint; subsequent resignation did not negate liability. The court reiterated that factual disputes regarding vicarious liability and managerial control under Sections 138/141 are inappropriate for Section 482 adjudication unless disproved by sterling evidence, and therefore declined to interfere with the trial court's process.
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