S.68 NRA iron and Steel P. Ltd. (SC) - A fit case for recall and reconsideration by the Supreme Court to avoid miscarriage of justice and in justice in future.

S.68 NRA iron and Steel P. Ltd. (SC) - A fit case for recall and reconsideration by the Supreme Court to avoid miscarriage of justice and in justice in future. https://www.taxtmi.com/article/detailed?id=8431 The article contends the Supreme Court's decision on unexplained share capital in the NRA Iron matter should be recalled and reconsidered because counsel failures and non-presentation of relevant precedents produced a judgment that overlooked key evidentiary and statutory considerations. It emphasizes that a payee who presents and obtains payment on a cheque paid by the drawee bank should not be required to explain the source of the payor's funds, that share certificates and public registration evidence recognition of liability, and that share premium and investors' capital/reserves legitimately explain large subscriptions. en-us Tue, 26 Mar 2019 06:50:02 +0530 Tue, 26 Mar 2019 06:50:02 +0530 TaxTMI RSS Generator S.68 NRA iron and Steel P. Ltd. (SC) - A fit case for recall and reconsideration by the Supreme Court to avoid miscarriage of justice and in justice in future. https://www.taxtmi.com/article/detailed?id=8431 The article contends the Supreme Court's decision on unexplained share capital in the NRA Iron matter should be recalled and reconsidered because counsel failures and non-presentation of relevant precedents produced a judgment that overlooked key evidentiary and statutory considerations. It emphasizes that a payee who presents and obtains payment on a cheque paid by the drawee bank should not be required to explain the source of the payor's funds, that share certificates and public registration evidence recognition of liability, and that share premium and investors' capital/reserves legitimately explain large subscriptions. Articles Income Tax Tue, 26 Mar 2019 06:50:02 +0530 https://www.taxtmi.com/article/detailed?id=8431