Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
The HC dismissed the petition and upheld the trial court's order directing refund of the Rs.1,00,000 deposited under s.143A of the N.I. Act to the accused/appellant. The appellate court had set aside the conviction and compensation order, leaving no subsisting order against the accused; consequently the deposited amount cannot be retained or adjusted as interim compensation in a fresh complaint filed under s.142(1)(b) of the N.I. Act absent any interlocutory order granting such relief. The HC found no perversity or illegality in the trial court's reasoning and declined to interfere, affirming the accused's right to refund and dismissing the petition.
The HC dismissed the petition and upheld the trial court's order directing refund of the Rs.1,00,000 deposited under s.143A of the N.I. Act to the accused/appellant. The appellate court had set aside the conviction and compensation order, leaving no subsisting order against the accused; consequently the deposited amount cannot be retained or adjusted as interim compensation in a fresh complaint filed under s.142(1)(b) of the N.I. Act absent any interlocutory order granting such relief. The HC found no perversity or illegality in the trial court's reasoning and declined to interfere, affirming the accused's right to refund and dismissing the petition.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
