Liability for dishonour of cheque

Court :
Supreme Court

Brief :
Liability for dishonour of cheque

Citation :
S.M.S. Pharmaceuticals Ltd. Neeta Bhalla Vs. Neeta Bhalla 9/20/2005 (2005) 148 Taxman 128 (SC)

Liability for dishonour of cheque S.M.S. Pharmaceuticals Ltd. Neeta Bhalla Vs. Neeta Bhalla 9/20/2005 (2005) 148 Taxman 128 (SC) Case Fact: Whether it is necessary to show that the person accused was incharge of and responsible for conduct of business of the company at the time the offence was committed to held him liable u/s 141. Decision: Held by Ho"ble court that liability u/s 141 is attracted if the person accused was incharge of and responsible for conduct of the company at the time of the offence. Hence the above mentioned fact has to be established before applying section 141.

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CA. Vineet Grover

Chartered Accountant

Hi Friends! I am a Chartered Accountant (May 2006) and a Post Graduate (2005) from Calcutta Universuty. I hold in total 16 years of work experience in the field of accounting, taxation, audit, MIS, budget, commercial, planning andcontrol. During my journey of experience and knowledge I got the previlege of working w ... Read more

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