Corporate offence liability extends to officers, partners and trustees, subject to lack of knowledge or due diligence defence. Liability for offences committed through a company extends to the company and to persons in charge of and responsible for its business, while directors, managers, secretaries or other officers may also be deemed guilty where consent, connivance or negligence is proved. Similar liability applies to partners, kartas or managing trustees where the taxable person is a partnership firm, LLP, HUF or trust. A person is not liable if he proves lack of knowledge or due diligence to prevent the offence.
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.
Corporate offence liability extends to officers, partners and trustees, subject to lack of knowledge or due diligence defence.
Liability for offences committed through a company extends to the company and to persons in charge of and responsible for its business, while directors, managers, secretaries or other officers may also be deemed guilty where consent, connivance or negligence is proved. Similar liability applies to partners, kartas or managing trustees where the taxable person is a partnership firm, LLP, HUF or trust. A person is not liable if he proves lack of knowledge or due diligence to prevent the offence.
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