Complainant does not have Financial Capacity: Supreme Court acquits S.138 NI Act accused based on ITRs of Complainant [Read Order]

Supreme Court - NI Act - accused - ITRs - Income Tax Returns -ITRs of Complainant - taxscan

A two-judge bench of the Supreme Court recently disposed a 10 year old case, wherein conviction of the accused for dishonour of cheque as per Section 138 of the Negotiable Instruments Act, 1881 was set aside as the Income Tax Returns (ITRs) of the Complainant show that he was not in a financial situation to…

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