Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
The HC held that a dissolved company remains liable for offences committed prior to dissolution, as per Section 250 of the Companies Act and Sections 70 and 71 of the PMLA Act. Such a company can be prosecuted by restoring it under Section 305 Cr.P.C or, if restoration is not feasible, by prosecuting a director or authorized representative as its representative. The court affirmed that designating a director as the representative of the dissolved company in criminal proceedings under Sections 420, 120B IPC, and Sections 13(2), 13(1)(d) Prevention of Corruption Act is justified in the interest of justice. The petition challenging the order refusing to remove the petitioner as the company's representative was dismissed, confirming the Special Court's decision and upholding the prosecution's approach to ensure accountability despite the company's dissolution.
The HC held that a dissolved company remains liable for offences committed prior to dissolution, as per Section 250 of the Companies Act and Sections 70 and 71 of the PMLA Act. Such a company can be prosecuted by restoring it under Section 305 Cr.P.C or, if restoration is not feasible, by prosecuting a director or authorized representative as its representative. The court affirmed that designating a director as the representative of the dissolved company in criminal proceedings under Sections 420, 120B IPC, and Sections 13(2), 13(1)(d) Prevention of Corruption Act is justified in the interest of justice. The petition challenging the order refusing to remove the petitioner as the company's representative was dismissed, confirming the Special Court's decision and upholding the prosecution's approach to ensure accountability despite the company's dissolution.
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