https://www.taxtmi.com/caselaws?id=778127 A summoning order for cheating was unsustainable because the material on record did not prima facie show dishonest intention at the inception of the transaction. On the complainant's own material, investment had been made through the petitioner's father's proprietorship concern, the disputed cheques were credited to the margin account, and trading had occurred, with losses and withheld shares following later. The court noted that cheating requires deception, fraudulent or dishonest inducement, and initial dishonest intent; mere business loss, a civil dispute, or possible regulatory lapses are insufficient. It also found no conscious application of mind to the material before the Magistrate differed from the cancellation report, so relief was granted. en-us Tue, 09 Sep 2025 00:00:00 +0530 Wed, 10 Sep 2025 11:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778127 A summoning order for cheating was unsustainable because the material on record did not prima facie show dishonest intention at the inception of the transaction. On the complainant's own material, investment had been made through the petitioner's father's proprietorship concern, the disputed cheques were credited to the margin account, and trading had occurred, with losses and withheld shares following later. The court noted that cheating requires deception, fraudulent or dishonest inducement, and initial dishonest intent; mere business loss, a civil dispute, or possible regulatory lapses are insufficient. It also found no conscious application of mind to the material before the Magistrate differed from the cancellation report, so relief was granted. Case-Laws Indian Laws Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778127