Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Liability under Section 141 of the Negotiable Instruments Act cannot be fastened merely because a person is designated as a director; the complaint must contain specific averments showing how and in what manner the accused was in charge of and responsible for the company's business at the relevant time. General allegations that directors handled day-to-day affairs were insufficient where the accused was a non-executive independent director, was not a signatory to the dishonoured cheques, and no direct nexus with the transactions was pleaded. The summoning orders and criminal proceedings were quashed qua the petitioner.
Liability under Section 141 of the Negotiable Instruments Act cannot be fastened merely because a person is designated as a director; the complaint must contain specific averments showing how and in what manner the accused was in charge of and responsible for the company's business at the relevant time. General allegations that directors handled day-to-day affairs were insufficient where the accused was a non-executive independent director, was not a signatory to the dishonoured cheques, and no direct nexus with the transactions was pleaded. The summoning orders and criminal proceedings were quashed qua the petitioner.
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