https://www.taxtmi.com/caselaws?id=764069 The HC allowed the appeal in a dishonoured cheque case under Section 138 NI Act. The court held that a demand notice specifying cheque amount separately from additional charges is valid. Non-disclosure of income in IT returns does not vitiate the complaint as IT Department can reopen assessments. The accused failed to rebut the statutory presumption under Sections 118 and 139 NI Act regarding consideration for the cheque, having not denied his signature on the dishonoured cheque which was presented within validity period and returned for insufficient funds. en-us Fri, 27 Dec 2024 00:00:00 +0530 Wed, 01 Jan 2025 18:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764069 The HC allowed the appeal in a dishonoured cheque case under Section 138 NI Act. The court held that a demand notice specifying cheque amount separately from additional charges is valid. Non-disclosure of income in IT returns does not vitiate the complaint as IT Department can reopen assessments. The accused failed to rebut the statutory presumption under Sections 118 and 139 NI Act regarding consideration for the cheque, having not denied his signature on the dishonoured cheque which was presented within validity period and returned for insufficient funds. Case-Laws Indian Laws Fri, 27 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764069