https://www.taxtmi.com/caselaws?id=395897 Entries in books of account, without proof of the underlying transaction and supporting oral evidence, are insufficient to fasten liability. The text explains that a limitation and res judicata objection failed because no prior adjudication on the same issue between the same parties was shown. It also notes that the alleged loan and pledge of shares were not proved, and that admission of cheque receipt did not establish cheque discounting, cash repayment, or the alleged acknowledgment by the purported agent. On the record, fraudulent diversion and enforceable liability against the concerned respondent were not established. en-us Tue, 09 Jun 2020 00:00:00 +0530 Sat, 13 Jun 2020 09:52:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395897 Entries in books of account, without proof of the underlying transaction and supporting oral evidence, are insufficient to fasten liability. The text explains that a limitation and res judicata objection failed because no prior adjudication on the same issue between the same parties was shown. It also notes that the alleged loan and pledge of shares were not proved, and that admission of cheque receipt did not establish cheque discounting, cash repayment, or the alleged acknowledgment by the purported agent. On the record, fraudulent diversion and enforceable liability against the concerned respondent were not established. Case-Laws Indian Laws Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395897