Power to receive documentary evidence upheld; documents referred in complaint may be placed on record without amendment where omission was inadvertent...
Proof of foreign public documents requires originals or certified diplomatic/notarial copies; inspection must occur in-magna presence and cross-examin...
Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
A company struck off the register remains liable for its statutory obligations and for payment of previously imposed penalties; the company therefore remains liable even after striking off. Directors can incur continuing personal liability arising from those obligations, and the appeal by the struck-off company was dismissed for failure to comply with the pre deposit requirement under Section 19(1) of FEMA, resulting in non entertainment of that appeal. Civil penalties under the relevant FEMA provision are payable regardless of mens rea; the tribunal applied that principle but granted proportional relief by reducing an individual director's penalty to Rs.100,000, with prior pre deposits adjusted against that reduced amount.
A company struck off the register remains liable for its statutory obligations and for payment of previously imposed penalties; the company therefore remains liable even after striking off. Directors can incur continuing personal liability arising from those obligations, and the appeal by the struck-off company was dismissed for failure to comply with the pre deposit requirement under Section 19(1) of FEMA, resulting in non entertainment of that appeal. Civil penalties under the relevant FEMA provision are payable regardless of mens rea; the tribunal applied that principle but granted proportional relief by reducing an individual director's penalty to Rs.100,000, with prior pre deposits adjusted against that reduced amount.
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