https://www.taxtmi.com/acts?id=3461 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 11 Aug 2025 17:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3461 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. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3461