https://www.taxtmi.com/acts?id=6439 Section 35HA deems a company and every person in charge of and responsible for its business at the time of a Wealth-tax Act offence to be guilty and liable to prosecution, subject to a defence proving lack of knowledge or exercise of all due diligence. If the offence is committed with the consent or connivance of, or attributable to neglect by, any director, manager, secretary or other officer, that officer is also deemed guilty. Where the offence attracts imprisonment and fine, the company may be fined while specified individuals remain liable to be proceeded against. "Company" includes firms and associations, and "director" includes partners and controlling members. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 13 Sep 2012 15:37:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6439 Section 35HA deems a company and every person in charge of and responsible for its business at the time of a Wealth-tax Act offence to be guilty and liable to prosecution, subject to a defence proving lack of knowledge or exercise of all due diligence. If the offence is committed with the consent or connivance of, or attributable to neglect by, any director, manager, secretary or other officer, that officer is also deemed guilty. Where the offence attracts imprisonment and fine, the company may be fined while specified individuals remain liable to be proceeded against. "Company" includes firms and associations, and "director" includes partners and controlling members. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6439