Under section 138
WebUnder Section 138 of the Act, the offence of cheque bounce is a criminal offence for which the payee can initiate a criminal suit. The payee must file the complaint against cheque … HMRC will not give either formal or informal clearances that the general anti-abuse rule (GAAR)does not apply. No assurances about the tax treatment of a … See more You can find information on the clearance serviceoffered by HMRC for customers and their advisers who need clarification on guidance or legislation relating to a … See more
Under section 138
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Web6 Jun 2024 · Section 138 of the Act provides for circumstances under which a case for dishonour of cheques is filed. 1 The ingredients required for complying with Section 138 … Web18 May 2024 · Section 138 of Negotiable Instruments Act is an important provision pertaining to the matter of cheque bouncing. The section reads as under: 138. Dishonour …
Web1 Mar 2024 · A bench headed by Justice R F Nariman was faced with the legal issue whether "the institution or continuation of a proceeding under Section 138/141 (cheque bounce cases) of the Negotiable Instruments Act can be said to be covered by the moratorium provision, namely, Section 14 of IBC." Web139 Regulations under section 138. (1) The power to make regulations under section 138 (7) (b) is exercisable—. (a) in the case of regulations made by the Secretary of State or the Welsh Ministers, by statutory instrument, and. (b) in the case of regulations made by a Northern Ireland department, by statutory rule for the purposes of the ...
Web1 Sep 2024 · According to Section 138 of the NI Act, if the ingredients mentioned therein are fulfilled, the perpetrator shall be liable for punishment. Such perpetrator shall be punished with imprisonment for a maximum period of two years or fine which may extend to twice the amount of the cheque or with both. Web25 Aug 2024 · 9) The question whether stop payment instructions, which result in dishonor of a cheque, would amount to an offence under Section 138 of the NIA Act, was considered by the Supreme Court in M. M. T. C. Ltd. Vs. M/S Medchl Chemicals, (2001) 1 SCC 234, and it was held that same would come within the ambit of definition of offence under Section …
Web28 Mar 2024 · Section 148 mandates that wherein an appeal by the drawer against conviction under Section 138 the Appellate Court may order the appellant to deposit such …
Web10 Jan 2024 · The respondent filed 28 complaints under Section 138 of the NI Act before the Judicial Magistrate, Ist Class, Panchkula, which held the appellants “guilty for the … miele w3204 washerWeb5 Apr 2024 · Premature Complain Filing Under Section 138 Of Negotiable Instrument Act Stands Dismissed. The Apex court held a complaint filed before the expiry of 15 days … miele w1 washing machinesWebIn a catena of decisions before the Supreme Court, it has been held that proceedings under Section 138/141 of the NI Act are a “civil sheep in a criminal wolf’s clothing”, where the state interest is secondary to the victim’s relief. This position was clearest in the decision in Kaushalya Devi Massand v. miele w2240 washing machineWeb20 Nov 2024 · Application for clearances in advance under [section [s] 138 [ and 139 (5)] Taxation of Chargeable Gains Act 1992] [ and ] [section 701 Income Tax Act 2007 [ and section 748 Corporation Tax Act 2010]] 1 Introduction 1.1 We act for [ insert name of the target company] ( Company A) [ and on behalf of the shareholders in Company A]. miele w3038 washing machineWeb25 Nov 2024 · The High Court has rightly held that no case has been made out for an offence under Section 138 of the Act. The transaction at hand, can at best be considered as an advancement of loan for business purposes, and hence, even if the amount was not repaid, such default would only give rise to a civil liability. miele w3033 specificationsWebCounty Courts Act 1984, Section 138 is up to date with all changes known to be in force on or before 23 March 2024. There are changes that may be brought into force at a future … miele w3240 washing machineWeb10 Apr 2024 · Step 2: Reduce all the deductions– standard deductions, tax savings etc. Step 3: Declare the income after deductions and tax deductions in the Income Tax Return (ITR) Step 4: Claim a tax rebate under section 87A if your total income does not exceed Rs 5 lakh. Remember, the maximum rebate under section 87A for the AY 2024-23 is Rs 12,500. miele w3824 washing machine