Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Corporate attribution of offences: companies and their responsible officers face deemed guilt unless due diligence is proved. Where a company commits an offence under the Act, the company and every person who was in charge of and responsible to the company for conduct of its business are deemed guilty and liable to be proceeded against and punished, except where such person proves lack of knowledge or that all due diligence was exercised to prevent the offence. If the offence is committed with the consent or connivance of, or attributable to neglect of, any director, manager, secretary or other officer, that officer shall also be deemed guilty and liable to be proceeded against and punished. The section defines 'company' and 'director' for these purposes.
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 attribution of offences: companies and their responsible officers face deemed guilt unless due diligence is proved.
Where a company commits an offence under the Act, the company and every person who was in charge of and responsible to the company for conduct of its business are deemed guilty and liable to be proceeded against and punished, except where such person proves lack of knowledge or that all due diligence was exercised to prevent the offence. If the offence is committed with the consent or connivance of, or attributable to neglect of, any director, manager, secretary or other officer, that officer shall also be deemed guilty and liable to be proceeded against and punished. The section defines "company" and "director" for these purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.