Search Results Page
Search Results
1 - 10 of 16 (0.21 seconds)Section 139 in The Negotiable Instruments Act, 1881 [Entire Act]
Section 313 in The Code of Criminal Procedure, 1973 [Entire Act]
The Negotiable Instruments Act, 1881
Section 269SS in The Income Tax Act, 1961 [Entire Act]
Section 271D in The Income Tax Act, 1961 [Entire Act]
Rangappa vs Sri Mohan on 7 May, 2010
It is settled principle of law that even obiter dicta is not binding though that is a
finding of the court, here the court in Rangappa case (supra) has not delved into the
issue of cash transaction being shown or not shown in income tax returns at all.
K. Prakashan vs P.K. Surenderan on 10 October, 2007
17. At this stage, it is imperative to point out that Hon'ble Supreme Court in
the case of K. Prakashan v. P.K. Surenderan case held that if a huge amount of
money is advanced as a loan then the person who has purportedly advanced the
loan must also show the solvency to the extent of the loan either through the bank
account or through other means. By saying and admitting that he does not have a
big business, a grave doubt is raised on his financial capacity to advance a huge
loan amount of Rs. 4,50,000/-.