Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
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.