Tag Archives: receipt

NI complaint to be filed after 15 days from date of receipt of notice: SC

In an important decision, the Supreme Court of India clarified that no complaint can be filed against the drawer of a cheque unless the period of 15 days has elapsed from the date of receipt of the notice of payment … Continue reading

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Compensation received in consideration of termination of services should be treated under capital receipt: DHC

The Delhi High Court ruled that the compensation received by a chartered accountant firm (assessee-firm) in consideration of the termination of their services by a US company should be treated under capital receipt and not revenue receipt. The Court said … Continue reading

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