TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Corporate liability for offences: responsible officials can be prosecuted unless they prove lack of knowledge or due diligence.</h1> Where a company commits an offence under the Act, the company and every person in charge and responsible for its business at the time are deemed guilty and liable; persons whose consent, connivance or negligence led to the offence - including directors, managers, secretaries or other officers - are also personally liable. The provision applies mutatis mutandis to partnership firms, LLPs, HUFs and trusts, treating partners, karta or managing trustees as liable, while a defence exists where the person proves lack of knowledge or that all due diligence was exercised to prevent the offence.
TaxTMI 
TaxTMI 
