Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
HC dismissed the petition, holding that an independent non-executive director cannot be personally liable for export obligation non-compliance without specific allegations demonstrating direct involvement in the company's operational affairs. The court emphasized that export licenses were issued during 1989-1991, and subsequent notices issued between 2002-2009 lacked substantive explanation for delayed action. Moreover, since the company entered liquidation in 1998 with documents transferred to the Official Liquidator, procedural requirements for initiating proceedings against the company were not followed. The absence of specific allegations regarding the director's role precluded personal liability, rendering the respondent's contentions unsustainable.
HC dismissed the petition, holding that an independent non-executive director cannot be personally liable for export obligation non-compliance without specific allegations demonstrating direct involvement in the company's operational affairs. The court emphasized that export licenses were issued during 1989-1991, and subsequent notices issued between 2002-2009 lacked substantive explanation for delayed action. Moreover, since the company entered liquidation in 1998 with documents transferred to the Official Liquidator, procedural requirements for initiating proceedings against the company were not followed. The absence of specific allegations regarding the director's role precluded personal liability, rendering the respondent's contentions unsustainable.
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