Presumption under S.139 of Negotiable Instruments Act, 1881 in cases of Cheque Dishonour

Presumption under S.139 of Negotiable Instruments Act, 1881 in cases of Cheque Dishonour 

Section 139 - Presumption - ITR and Effect - "It  is true that merely because amount  advanced is  not  shown in Income Tax Return, in every case,  one cannot jump to the conclusion that the presumption under section  139 of the said Act stands rebutted.  There may be  cases  where  a  small amount less  than  a  sum  of Rs.20,000/- is advanced in cash by way of loan which may be  repayable  within few days or within few months." - Sanjay Mishra v. Kanika Kapoor [2009] GCtR 6470 (Bombay)

Section 138 - Discharge of Liability - Nature of Liability - Situations in which Section 138 cannot be invoked - " The provision of section 138 cannot be resorted to for recovery of an unaccounted amount.   A  cheque  issued  in  discharge  of   alleged liability  of repaying "unaccounted" cash amount  cannot be  said to be a cheque issued in discharge of a legally enforceable  debt  or  liability within the  meaning  of explanation  of  section 138 of the said Act." - Sanjay Mishra v. Kanika Kapoor [2009] GCtR 6470 (Bombay)