Hi all,
This is a case u/sec 138 of Ni act, wherein complainant had lent a sum of Rs. exceeding 25 lak to accused, and had executed a promissory note and receipt, after appearance the accused made part payment, and not denied execution of pro note, and however he is contesting the case, and during cross of the complainant he stated that he is an In come tax assesse and he had not shown the transaction under the case in IT Returns, a
My question is
Whether the non dislcoure of huge amount transaction in IT returns is fatal to the complainant's case? if yes please provide me with a case law.
