The Delhi Metropolitan Magistrate (Negotiable Instruments) Court of Magistrate Divya Arora has recently held that the violation of Section 269SS of the Income Tax Act, 1961 does not disturb the proceedings under the Section 138

The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) has ruled that Order of mediation along with dishonoured cheques does not imply an extension of limitation for the purposes of IBC. The Appeal was

The Kerala High Court has recently slammed the GST department’s attitude of insisting taxpayers pay GST either through cash or Demand Draft and observed that this is against the very spirit of the new tax

The Kerala High Court ruled that the cheque dishonour case can be filed against a Trust as the Trust being a juristic person. The revision petition has been filed under Sections 397 and 401 of

The Calcutta High Court recently observed that Managing Director or Joint Director of company taking personal responsibility to discharge debt is solely liable as the drawer of cheque. The case of the appellant, Abhijit Banerjee,

The Goods and Services Tax Network ( GSTN ) has directed the Taxpayers to IFSC Codes of eight banks due to merger. In a statement issued by GSTN said that, Taxpayers may update their Bank

The Chennai bench of Income Tax Appellate Tribunal (ITAT) observed that issuance of cheque to associate concerns from OCC account cannot be construed as diversion of working capital loan Fund. The assessee Mr. T.S. Kumarasamy,

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that payment of TDS would relate back to the date of presentation of cheques to the banker and directed  TDS-CPC to re-compute interest payable by Standard

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the penalty imposed under Section 273B of the Income Tax Act holding that the cash payment of defaulted EMI instalment to financier after cheque

The Income Tax Department has carried out a search and seizure action on 14.10.2020 in the case of a leading advocate practicing in the field of commercial arbitration and alternate dispute resolution. He was suspected

The Central Government on Monday sought for the public opinion on decriminalising Cheque Bounce under Section 138 of Negotiable Instrument Act. The Ministry of Finance issued “Statement of Reason” for the decriminalisation of Minor Offences

In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions.

The Allahabad High Court has held that a director, who is not involved in the day to day affairs of a company, cannot be prosecuted for the offence under section 138 (Dishonour of cheque for

The Income Tax Appellate Tribunal (ITAT), Pune bench has allowed the expenses paid through cheques based on the self-made voucher allowable as deduction under the Income Tax Act, 1961 as the same was incurred for

The Input Tax Credit Claim was rejected by the Tribunal and the Karnataka High Court (HC) at the Supreme Court of India, which was presided over by Judge M.R. Shah. The respondent M/s Tallam Apparels