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Sheela Sharma vs Mahendra Pal on 2 August, 2016

Further, in the judgment of : Sheela Sharma vs Mahendra Pal 2016 Law Suit (Del) 4859 wherein it was held that non disclosure of loan advanced by complainant to the accused may attract penal provisions under the Income Tax Act but the same has no consequences on the proceedings of the complaint U/s 138 N I Act. Similarly non disclosure of loan advanced by complainant to the accused to his employer ie MCD may attract disciplinary action against the complainant on administrative side but it cannot frustrate the proceedings U/s 138 N I Act.
Delhi High Court Cites 16 - Cited by 221 - V Sanghi - Full Document
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