The Tribunal held that additions based on presumptions without evidence cannot be sustained fully. It reduced the addition on unexplained cash deposits from 10% to 5%, granting relief to the assessee.
The Court ruled that inability to understand a judicial order cannot justify prolonged delay in filing a petition. It reinforces that litigants must act within a reasonable time and provide valid explanations.
The Tribunal held that exemption cannot be denied merely because the purchase agreement was unregistered. Substantial payment and possession were considered sufficient for claiming relief.
Courts held that exemption cannot be denied merely due to lack of registration if possession and substantial payment are proven. The ruling emphasizes substance over procedural formalities.
The issue involved enhancing the existing NPS Swasthya scheme. The circular introduces PoC 2 with revised features to improve flexibility and evaluate the scheme under varied conditions.
The company failed to form mandatory board committees for over four years. The authority held that each non-compliance attracts separate penalties.
The case involved incorrect filing of director designation in statutory records. The authority held that prolonged failure to rectify the error constituted a continuing default, attracting maximum penalty.
The Tribunal held that where registration is delayed, the stamp duty value on the agreement date must be considered. The ruling applies the beneficial proviso to Section 50C retrospectively.
The case involved failure to file mandatory Form MR-1 for appointment of a Whole-Time Director. The authority held that prolonged non-compliance constituted a continuing default and imposed maximum penalties under Section 450.
The company delayed appointment of independent directors despite crossing the threshold. The authority held that prolonged non-compliance attracts maximum penalty under the Companies Act.
