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    Unabated assessments need year-specific incriminating material; loose notings and mere presumption cannot sustain property-sale additions.
    Compensatory interest and business advances upheld as allowable; cash payment and unexplained credit additions were rejected.
    ITBA upload of DRP directions starts limitation for final assessment; delayed orders are time-barred and quashed.
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      Sections 118 and 139 of the Negotiable Instruments Act created a...

      Presumption under the Negotiable Instruments Act upheld, but suo motu enhancement of default sentence in appeal was set aside.

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      Indian LawsMay 12, 2026Case LawsHC
      Sections 118 and 139 of the Negotiable Instruments Act created a statutory presumption in favour of the complainant where the accused's cheques were signed, dishonoured for insufficiency of funds, and the notice referred to an acknowledged liability. The accused failed to rebut that presumption by proving that Yahoo Limited had taken over the entire liability or that the complainant had accepted performance from that third party; the cheque-on-security plea also did not defeat liability once the debt matured. Pendency of civil proceedings did not bar prosecution, and the High Court declined to disturb concurrent factual findings in revision absent perversity. Conviction under Section 138 was therefore sustained, but the appellate court could not suo motu enhance the default sentence in the accused's appeal, so that enhancement was set aside and the trial sentence restored.

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      ActsIncome Tax