Section 138 NI Act: Non-Filing Of I-T Returns Does Not Mean That The Complainant Had No Source Of Income: MP HC [Read Order]

Ashok Kini

22 March 2019 9:18 AM IST

"Non-filing of Income Tax Return by itself would not mean that the complainant had no source of income and thus, no adverse inference can be drawn in this regard only because of absence of Income Tax Return"

The Madhya Pradesh High Court has observed that mere non-filing of Income Tax Return would not automatically dislodge the source of income of the complainant in a cheque bounce case under Section 138 of the Negotiable Instruments Act. The case of the complainant was that the accused had obtained a loan of Rs.10, 00,000 from him and assured that she would refund the said amount within...

Section 138 NI Act: Non-Filing Of I-T Returns Does Not Mean That The Complainant Had No Source Of Income: MP HC [Read Order]

Ashok Kini

"Non-filing of Income Tax Return by itself would not mean that the complainant had no source of income and thus, no adverse inference can be drawn in this regard only because of absence of Income Tax Return"

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