Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Compounding of a cheque-dishonour offence under Section 138 of the Negotiable Instruments Act was permitted even after conviction because the petitioner had entered into a post-conviction settlement and paid the entire compensation, with the complainant raising no objection. The HC applied the principle that Section 147 permits compounding after conviction and accepted the compromise in light of the settlement and payment already made. The conviction and sentence were accordingly recalled, the offence was compounded, and the petitioner was acquitted.
Compounding of a cheque-dishonour offence under Section 138 of the Negotiable Instruments Act was permitted even after conviction because the petitioner had entered into a post-conviction settlement and paid the entire compensation, with the complainant raising no objection. The HC applied the principle that Section 147 permits compounding after conviction and accepted the compromise in light of the settlement and payment already made. The conviction and sentence were accordingly recalled, the offence was compounded, and the petitioner was acquitted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
