News Muncher - searching for payee

3 weeks, 1 day ago

Karnataka HC Asks RBI To Bring Guidelines For Automatic Credit Of DD Amount To Drawer If Instrument Not Presented To Bank Within Validity Period

Live Law

The Karnataka High Court has directed the Reserve Bank of India to issue necessary guidelines to be followed by Banks in cases where a demand draft is not presented for clearance during its validity period and whether in such cases the amount covered can be automatically credited to the account of the customer on expiry. A single judge bench of …

Court Bank Ombudsman Demand Rbi Kar Draft

9 months, 1 week ago

Accepting Submissions Of Assessee Cannot Be Said As Faulty If Assessment Was Made By National E-Assessment Centre: Indore ITAT Quashes Sec 263 Order

Live Law

While holding the revision-order passed by PCIT as invalid, the Indore ITAT recently clarified that I-T authorities cannot punish the assessee by merely saying that the payee has not filed income-tax return. The Bench of Vijay Pal Rao and B.M Biyani observed that “the action of AO in accepting the replies/ submissions of assessee cannot not lack bona fides and …

Order Bench Tds Itat Assessee Pcit

9 months, 1 week ago

Payee Who Has Considered Amounts Received By Payer In Its Return & Paid Taxes On Same, Can't Be Treated As In Default U/s 201(1): New Delhi ITAT

Live Law

On finding that CIT has failed to consider all submission of assessee and evidences placed on record, the New Delhi ITAT restored the matter back to file of AO for fresh adjudication regarding the TDS deduction u/s 194J or u/s 194C of the Income Tax Act, 1961 on the payments made towards maintenance of X-Ray machine and CVC machine. However, …

Payments Machine Bench Tds Itat Cvc Assessee

9 months, 1 week ago

S.138 NI Act | Cause Of Action U/S 142(1)(B) Only Arises After Expiry Of 15 Days For Payment Of Amount: Allahabad High Court

Live Law

The Allahabad High Court has held that the cause of action under Section 142 of the Negotiable Instruments Act, 1881 arises after expiry of 15 days granted to the drawer to pay the amount to the payee/cheque holder under clause of Section 138 of the Act. Section 142 of the NI Act provides that a complaint must be made within …

Action Court Cause Date Complaint Petitioner 15 Days

9 months, 2 weeks ago

Explainer: Why SBI wants four months to furnish Electoral Bonds data

New Indian Express

The State Bank of India has asked for nearly four months to furnish the data on who deposited money into 22,217 electoral bonds and who took out the money from them. Before trying to understand SBI's argument, it is important to understand how electoral bonds work: To donate money to a political party, a person or company has to first …

Bank Electoral Bonds Sbi Four Months

10 months, 1 week ago

NI Act Doesn't Prescribe Who Will Represent Company Which Is Complainant U/S 138, Can Be Represented By An Employee: Allahabad High Court

Live Law

The Allahabad High Court has held that Section 142 of the Negotiable Instruments Act,1881 and Section 200 of the Criminal Procedure Code do not prescribe who can file a complaint on behalf of a company under Section 138 of the Negotiable Instruments Act,1881. With the result, the company becomes a dejure complainant and the person, who is representing the company …

Court Employee Complainant Complaint Directors Magistrate Argued

1 year, 8 months ago

Stormy Daniels is willing to testify if there’s a Trump trial: ‘I have nothing to hide’

LA Times

Stormy Daniels said she would be willing to testify if called on in the criminal trial against Donald Trump. Stormy Daniels said this week that she would be willing to testify if called on if the criminal case against Donald Trump goes to trial. And, you know, you can’t shame me even more.” Politics Trump charged with 34 felony counts …

Trump Case Payment Manhattan Alleged Stormy Daniels Daniels

1 year, 8 months ago

UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% interchange fee: NPCI issues new rules

India TV News

UPI transaction charges: The National Payments Corporation of India has suggested the implementation of an interchange fee for Prepaid Payment Instruments on Unified Payments Interface transactions exceeding Rs 2,000. The proposal recommends an interchange fee of up to 1.1 percent with the objective of boosting revenue for banks and payment service providers who have faced significant costs in facilitating UPI …

India Payments Bank Fee Transactions Upi Payment Ppi

1 year, 11 months ago

Supreme Court Annual Digest 2022- Negotiable Instruments Act

Live Law

Negotiable Instruments Act, 1881 Section 3 - Banker Negotiable Instruments Act, 1881 - Section 3 - ‘Banker’ includes any person acting as a banker and any post office savings bank. Pradeep Kumar v. Post Master General, 2022 LiveLaw 139 : 6 SCC 351 Section 13 - “Negotiable instrument” Negotiable Instruments Act, 1881 - Section 13 - Different principles apply for …

Court Negotiable Instruments Act Singh Act Para Patel Kumar

2 years, 1 month ago

OPINION: How India Can Emerge As A Crypto And Blockchain Hub, With A Robust Policy

ABP News

India is currently on the forefront of witnessing the emergence of innovative technologies. What the future of India’s crypto and blockchain sector looks like When we look at conventional financial transactions, there are several intermediaries besides the payee. Even though these kinds of banks might sound new, they can let people keep, buy, and sell their crypto holdings alongside a …

India Market Financial Blockchain Crypto Financial Transactions

2 years, 1 month ago

Centre amends Electoral Bond scheme to open a fresh one-week window for sales of such bonds starting November 9

The Hindu

Weeks ahead of the Gujarat and Himachal Pradesh polls, the Centre on November 7, 2022 amended the Electoral Bond Scheme to grant itself the power to spell out an extra fortnight of electoral bond sales in years when States and Union Territories with a legislature have polls, and used the power to open a fresh one-week window for issuing such …

Bond Electoral Scheme Bonds Electoral Bonds Shall Electoral Bond Scheme

2 years, 3 months ago

Reassessment Notice Can't Be Challenged If Assessee Failed To Submit Crypto Currency Account Transactions: Rajasthan High Court

Live Law

The Rajasthan High Court has held that the reassessment notice cannot be challenged if the assessee failed to submit crypto currency account transactions to the income tax department. A notice under Section 148A was issued to the petitioner stating that information received suggests that income chargeable to tax for the assessment year 2018-19 has escaped assessment. The Assessing Officer was …

Tax Information Investment Crypto Income Currency Transactions

2 years, 3 months ago

Supreme Court Half Yearly Digest 2022 (Jan - Jun) Negotiable Instruments Act, 1881

Live Law

Code of Criminal Procedure, 1973; Section 482 - Negotiable Instruments Act, 1881; Section 138,139 - The Court should be slow to grant the relief of quashing a complaint at a pre-trial stage, when the factual controversy is in the realm of possibility particularly because of the legal presumption - In a situation where the accused moves Court for quashing even …

Court Criminal Procedure Singh Act Para Person Kumar

2 years, 4 months ago

Negotiable Instruments Act Does Not Classify Cheques As Bearer Or Account Payee; Jurisdiction Lies Where Cheque Is Delivered For Collection: Gauhati HC

Live Law

The Gauhati High Court has made it clear that in offences made out under Section 138 of the Negotiable Instruments Act, the territorial jurisdiction of the Court will be where the cheque is delivered for collection. Justice Robin Phukan further added that no classification of cheque, as bearer or cross cheque/account payee cheque is made in the NI Act, for …

Court Negotiable Instruments Act Act Account Bearer Petitioner Section 138

2 years, 5 months ago

Cheque Rules Changes for Bank of Baroda Customers; All You Need to Know

News 18

Bank of Baroda Cheque Rule: Customers of Bank of Baroda will go through an important rule change next month, as the lender has announced modifications in its system. The Bank of Baroda, with its Positive Pay System, will shield you from any cheque frauds As per the BoB circular, “W.e.f. So simply #BankSafe with #BankofBaroda#AzadiKaAmritMahotsav @AmritMahotsav pic.twitter.com/xPzDwjy8Jp— Bank of Baroda …

Positive Bank Pay Payment System Customers Baroda

2 years, 5 months ago

Scammers stole over $2 billion from Australians last year — more than double 2020's total: ACCC

ABC

Days after the call from "the man from Microsoft", Brian realised he had been scammed of his life's savings. Key points: Australians lost more than $2 billion to scammers in 2021, the ACCC estimates This is more than double the amount lost the previous year The increase was driven by a rise in crypto investment scams and pyramid schemes "It's …

Money Scams Investment Scam Scammers Last Year Increase

2 years, 10 months ago

Section 138 NI Act - Prima Facie Indication That Complaint Is Filed By Authorized Person Of Company Sufficient For Magistrate To Take Cognisance : Supreme Court

Live Law

The Supreme Court observed that, in a cheque bounce case, when the complainant/payee is a company, an authorized employee can represent the company. "Indication in the complaint and the sworn statement to the effect that the complainant is represented by an authorized person who has knowledge, would be sufficient. In addition, the supporting documents which were available on the record …

Supreme Court Court Negotiable Instruments Act Case Knowledge Complainant Complaint

2 years, 10 months ago

Three neighboring central Indiana townships merge into one

Associated Press

— Three neighboring central Indiana townships have merged to deliver services more efficiently. The merger of Franklin, Union and Needham townships in Johnson County south of Indianapolis took effect Jan. 1 following unanimous votes in favor of the merger by all three township boards last April. Lydia Wales, who was serving as Franklin Township’s trustee before the merger, was chosen …

Franklin Indiana Merge Township Trustee Wales

3 years, 2 months ago

CBSE develops digital payment mechanism for reliable management, disbursement of money

India TV News

The Central Board of Secondary Education is setting the tone for payment-related digital governance in the post-pandemic world by developing a reliable payment mechanism for the management and disbursement of various payments through the Integrated Payment System. "Prior to the development and implementation of the IPS, payments made to various functionaries would undergo a long and time-consuming process due to …

Payment Cbse System Ips

3 years, 4 months ago

"Centre Misled Court By Blatant Lies": Plea In Supreme Court Challenges Constitutionality Of PM CARES & PMNRF

Live Law

A Special Leave Petition has been filed before the Supreme Court against the dismissal of a PIL by the Allahabad High Court which challenged the validity of the PM Cares Fund and Prime Minister's National Relief Fund in light of the Disaster Management Act, 2005. The SLP notes that the High Court was misled to conclude that PMCARES Fund does …

Supreme Court High Court Constitution Court Money Income Tax High

3 years, 6 months ago

Victims of bank transfer scams only get 46% of money back, says Which?

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. called for the code, introduced in 2019 to ensure …

Fraud Victims Transfer Bank Payment Banks Code

3 years, 7 months ago

Man Paid in Cryptocurrency by Start-up Asked to Return it After Value Shot up 700 Percent

News 18

Ever thrown away cryptocurrency only to regret it later after prices skyrocketed? Sharing his story on marketwatch.com, a man wrote that he got his contractual salary paid in cryptocurrency for business development work that he did for a tech startup. He now has received a mail from the CEO of the start-up stating that since his ‘business development work’ did …

Cryptocurrency Crypto Us Dollar Man Paid

3 years, 11 months ago

Indian Expat Jailed in Dubai for Forging Employer's Signature to Transfer 4,47,000 Dirhams Into Personal Account

News 18

A United Arab Emirates -based Indian expat has been jailed in Dubai for six months after he was charged for forging his employer’s signature at least 47 times over two years to transfer 447,000 dirhams into his personal account, the media reported. Also charged for stealing his employer’s cheque book, the expat will be deported following the completion of six …

Dubai

4 years, 3 months ago

[N.I Act]Court Within Whose Jurisdiction The Bank Branch Where The Payee Maintains The Account Is Situated, Can Try Cheque Bounce Complaint: SC [Read Order]

Live Law

The court within whose jurisdiction the branch of the bank where the payee maintains the account is situated, will have jurisdiction to try the offence, if the cheque is delivered for collection through an account, noted the Supreme Court while dismissing a transfer petition.In this case, Himalaya Self Farming Group had approached the Apex Court by filing a petition under …

Jurisdiction Court Transfer Account Siliguri Whose Jurisdiction Situated

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Search results for payee

Karnataka HC Asks RBI To Bring Guidelines For Automatic Credit Of DD Amount To Drawer If Instrument Not Presented To Bank Within Validity Period

Accepting Submissions Of Assessee Cannot Be Said As Faulty If Assessment Was Made By National E-Assessment Centre: Indore ITAT Quashes Sec 263 Order

Payee Who Has Considered Amounts Received By Payer In Its Return & Paid Taxes On Same, Can't Be Treated As In Default U/s 201(1): New Delhi ITAT

S.138 NI Act | Cause Of Action U/S 142(1)(B) Only Arises After Expiry Of 15 Days For Payment Of Amount: Allahabad High Court

Explainer: Why SBI wants four months to furnish Electoral Bonds data

NI Act Doesn't Prescribe Who Will Represent Company Which Is Complainant U/S 138, Can Be Represented By An Employee: Allahabad High Court

Stormy Daniels is willing to testify if there’s a Trump trial: ‘I have nothing to hide’

UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% interchange fee: NPCI issues new rules

Supreme Court Annual Digest 2022- Negotiable Instruments Act

OPINION: How India Can Emerge As A Crypto And Blockchain Hub, With A Robust Policy

Centre amends Electoral Bond scheme to open a fresh one-week window for sales of such bonds starting November 9

Reassessment Notice Can't Be Challenged If Assessee Failed To Submit Crypto Currency Account Transactions: Rajasthan High Court

Supreme Court Half Yearly Digest 2022 (Jan - Jun) Negotiable Instruments Act, 1881

Negotiable Instruments Act Does Not Classify Cheques As Bearer Or Account Payee; Jurisdiction Lies Where Cheque Is Delivered For Collection: Gauhati HC

Cheque Rules Changes for Bank of Baroda Customers; All You Need to Know

Scammers stole over $2 billion from Australians last year — more than double 2020's total: ACCC

Section 138 NI Act - Prima Facie Indication That Complaint Is Filed By Authorized Person Of Company Sufficient For Magistrate To Take Cognisance : Supreme Court

Three neighboring central Indiana townships merge into one

CBSE develops digital payment mechanism for reliable management, disbursement of money

"Centre Misled Court By Blatant Lies": Plea In Supreme Court Challenges Constitutionality Of PM CARES & PMNRF

Victims of bank transfer scams only get 46% of money back, says Which?

Man Paid in Cryptocurrency by Start-up Asked to Return it After Value Shot up 700 Percent

Indian Expat Jailed in Dubai for Forging Employer's Signature to Transfer 4,47,000 Dirhams Into Personal Account

[N.I Act]Court Within Whose Jurisdiction The Bank Branch Where The Payee Maintains The Account Is Situated, Can Try Cheque Bounce Complaint: SC [Read Order]