Friday, March 22, 2019

Fiduciary relationship between payee & drawee doesn't affect presumption raised u/s 139 of NI Act

FEMA, BANKING & INSURANCE : Where a blank signed cheque leaf was voluntarily handed over by respondent to appellant towards some payment, and he failed to prove that same was not issued in discharge of a debt or a liablity, respondent had failed to rebut presumption under section 139

from www.taxmann.com Latest Case Laws https://ift.tt/2ujGELS

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...