https://www.taxtmi.com/caselaws?id=413140 A plaint need only disclose the cause of action and material facts; it is not required to answer every defence raised in a pre-suit reply notice, so the suit could not be rejected on that basis. Non-compliance with Section 269SS of the Income-tax Act did not displace the statutory presumption of consideration under Section 118 of the Negotiable Instruments Act where the promissory note and signature were admitted and the defendant failed to rebut the presumption. A breach of the cash-loan provision may have tax consequences, but it does not extinguish the civil debt or bar recovery. The decree for recovery was restored. en-us Thu, 09 Sep 2021 00:00:00 +0530 Mon, 04 Oct 2021 21:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413140 A plaint need only disclose the cause of action and material facts; it is not required to answer every defence raised in a pre-suit reply notice, so the suit could not be rejected on that basis. Non-compliance with Section 269SS of the Income-tax Act did not displace the statutory presumption of consideration under Section 118 of the Negotiable Instruments Act where the promissory note and signature were admitted and the defendant failed to rebut the presumption. A breach of the cash-loan provision may have tax consequences, but it does not extinguish the civil debt or bar recovery. The decree for recovery was restored. Case-Laws Indian Laws Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413140