https://www.taxtmi.com/acts?id=3235 Where a domestic company does not pay the tax chargeable on distributed profits, the company and its principal officer are deemed to be assessee(s) in default for the unpaid tax amount, and all statutory collection and recovery provisions for income-tax apply to recover that liability. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3235 Where a domestic company does not pay the tax chargeable on distributed profits, the company and its principal officer are deemed to be assessee(s) in default for the unpaid tax amount, and all statutory collection and recovery provisions for income-tax apply to recover that liability. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3235