Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
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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