International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Whether criminal proceedings under s.138 NI Act could be quashed at the threshold by examining if the cheque was issued towards a legally enforceable debt was answered in the negative. Since the complaint averments disclosed the statutory ingredients of s.138, the court held that the quashing court must only test prima facie maintainability and cannot undertake a roving inquiry or appreciate evidence at the pre-trial stage. The statutory presumption under s.139 that the cheque was issued towards discharge of debt/liability operates unless rebutted by evidence at trial, and the issue is to be adjudicated in trial or later appellate/revisional scrutiny. The quashing order was set aside and the complaint and summoning order were restored for trial - SC
Whether criminal proceedings under s.138 NI Act could be quashed at the threshold by examining if the cheque was issued towards a legally enforceable debt was answered in the negative. Since the complaint averments disclosed the statutory ingredients of s.138, the court held that the quashing court must only test prima facie maintainability and cannot undertake a roving inquiry or appreciate evidence at the pre-trial stage. The statutory presumption under s.139 that the cheque was issued towards discharge of debt/liability operates unless rebutted by evidence at trial, and the issue is to be adjudicated in trial or later appellate/revisional scrutiny. The quashing order was set aside and the complaint and summoning order were restored for trial - SC
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