Transfer pricing adjustments for software services, corporate guarantees, expense characterisation and foreign tax credit affirmed under arm's length ...
Scientific Research approval for Sikshya O Anusandhan under section 35(1)(ii) granted subject to reporting, certification, and compliance requirements...
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.