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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Assessee in default: failure to pay tax on distributed income for share buy-back renders company and principal officer liable.</h1> Failure to pay tax on distributed income arising from a domestic company's buy-back of shares causes the company and its principal officer to be deemed to be an assessee in default, and all provisions of the Act for the collection and recovery of income-tax shall apply.

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