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 quashed criminal complaints under Section 138 NI Act, holding the impugned cheques were security instruments issued solely to be shown to banks under the parties' MOU and not encashable for any existing legally enforceable liability. The court found the complaints non-maintainable as the cheques' purpose was ascertainable from the document, permitting consideration at the quashing stage. The HC further held that the learned MM at Delhi improperly adopted summons earlier issued by the MM at Bellary after that complaint had been returned, rendering subsequent proceedings non est; fresh summoning was mandatory. Petition dismissed as disposed and impugned summons and complaints quashed.
The HC quashed criminal complaints under Section 138 NI Act, holding the impugned cheques were security instruments issued solely to be shown to banks under the parties' MOU and not encashable for any existing legally enforceable liability. The court found the complaints non-maintainable as the cheques' purpose was ascertainable from the document, permitting consideration at the quashing stage. The HC further held that the learned MM at Delhi improperly adopted summons earlier issued by the MM at Bellary after that complaint had been returned, rendering subsequent proceedings non est; fresh summoning was mandatory. Petition dismissed as disposed and impugned summons and complaints quashed.
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