Delhi High Court Quashes Summoning Orders in Cheque Dishonour Case: "The Principle of Vicarious Liability Enshrined Under Section 141 of the NI Act Cannot Be Stretched to Such Extravagant Lengths So as to Enmesh Any Person Even Associated with the Accused Company to Be Caught in the Web of Culpability"
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Delhi High Court Quashes Summoning Orders in Cheque Dishonour Case: “The Principle of Vicarious Liability Enshrined Under Section 141 of the NI Act Cannot Be Stretched to Such Extravagant Lengths So as to Enmesh Any Person Even Associated with the Accused Company to Be Caught in the Web of Culpability”

Court’s Decision The Delhi High Court quashed the proceedings under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881 (“NI Act”) initiated against the petitioners in Complaint…
Supreme Court Ruling: “Contributory Negligence Cannot Be Assumed Without Evidence” — Overturns High Court's Finding, Restores Tribunal’s Award of ₹1.20 Crore Compensation to Victim’s Family in Fatal Bus Accident Case Based on Verified Income and Future Prospects
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Supreme Court Ruling: “Contributory Negligence Cannot Be Assumed Without Evidence” — Overturns High Court’s Finding, Restores Tribunal’s Award of ₹1.20 Crore Compensation to Victim’s Family in Fatal Bus Accident Case Based on Verified Income and Future Prospects

Court’s Decision The Supreme Court allowed the appeal and set aside the High Court’s finding of 25% contributory negligence on the part of the deceased. The Court restored the finding…
Delhi High Court Holds Invalid Reference to Swiss Authorities Cannot Extend Time for Assessment: “A Request Made by the Revenue to Swiss Authorities for Information Under Article 26 of the Indo-Swiss DTAA Concerning Periods Prior to 1st April 2011 Was ‘Invalid’ and Thus Could Not Be Relied Upon to Extend the Period of Limitation”
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Delhi High Court Holds Invalid Reference to Swiss Authorities Cannot Extend Time for Assessment: “A Request Made by the Revenue to Swiss Authorities for Information Under Article 26 of the Indo-Swiss DTAA Concerning Periods Prior to 1st April 2011 Was ‘Invalid’ and Thus Could Not Be Relied Upon to Extend the Period of Limitation”

Court’s Decision The Delhi High Court dismissed a batch of 29 income tax appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961. The Court upheld…