Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Vicarious liability under Section 141 NI Act was examined where the accused director claimed to have resigned before dishonour of the cheques and sought quashing. The complaints contained basic averments that the accused was in charge of and responsible for the companies' business at the relevant time, and he was also the signatory to the cheques, attracting presumptions under Sections 118 and 139 NI Act. Applying the "unimpeachable and incontrovertible material" standard, the resignation and corporate filings were held insufficient to conclusively negate involvement; the accused's inconsistent stand and fact-intensive questions required trial. The request to interdict proceedings under Section 528 BNSS was rejected and the prosecution was allowed to continue. - HC
Vicarious liability under Section 141 NI Act was examined where the accused director claimed to have resigned before dishonour of the cheques and sought quashing. The complaints contained basic averments that the accused was in charge of and responsible for the companies' business at the relevant time, and he was also the signatory to the cheques, attracting presumptions under Sections 118 and 139 NI Act. Applying the "unimpeachable and incontrovertible material" standard, the resignation and corporate filings were held insufficient to conclusively negate involvement; the accused's inconsistent stand and fact-intensive questions required trial. The request to interdict proceedings under Section 528 BNSS was rejected and the prosecution was allowed to continue. - HC
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