https://www.taxtmi.com/caselaws?id=392517 Violation of Section 269SS of the Income-tax Act does not make a cash loan void or unenforceable, and it does not by itself defeat prosecution under Section 138 of the Negotiable Instruments Act. Such contravention attracts only the penalty under Section 271D, while the statutory presumptions under Sections 118 and 139 continue to operate in favour of the cheque holder. At the stage of summoning or exercise of inherent jurisdiction under Section 482 CrPC, disputed factual defences are not examined on merits, and the complaint disclosed the basic ingredients of the offence. en-us Fri, 14 Feb 2020 00:00:00 +0530 Sat, 22 Feb 2020 10:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392517 Violation of Section 269SS of the Income-tax Act does not make a cash loan void or unenforceable, and it does not by itself defeat prosecution under Section 138 of the Negotiable Instruments Act. Such contravention attracts only the penalty under Section 271D, while the statutory presumptions under Sections 118 and 139 continue to operate in favour of the cheque holder. At the stage of summoning or exercise of inherent jurisdiction under Section 482 CrPC, disputed factual defences are not examined on merits, and the complaint disclosed the basic ingredients of the offence. Case-Laws Indian Laws Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392517