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of <h1>Managers Face Joint Liability for Unpaid Taxes Under Section 35 of Black Money Act, Overrides Companies Act Conflicts</h1> Section 35 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, establishes that managers of a company are jointly and severally liable for any tax dues if the company fails to pay. This liability applies unless the manager can demonstrate that the non-recovery was not due to their neglect, misfeasance, or breach of duty. The section overrides any conflicting provisions in the Companies Act, 2013, and defines 'manager' to include managing directors as per the Companies Act definitions.
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