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Apex Court convicts accused for dishonoring of cheques issued for commodities purchased on credit

August 22, 2019[2019] 108 taxmann.com 336 (SC)
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FEMA, BANKING & INSURANCE: Where appellant-complainant had been supplying commodities to respondent and cheques issued by respondent when presented for collection were dishonoured, respondent accused was to be convicted under section 138 as cheques were issued for commodities purchased on credit and not as security

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