https://www.taxtmi.com/acts?id=17943 Failure to pay tax on distributed income arising from a domestic company's buy-back of shares causes the company and its principal officer to be deemed to be an assessee in default, and all provisions of the Act for the collection and recovery of income-tax shall apply. en-us Wed, 22 May 2013 14:04:04 +0530 Mon, 23 Jun 2025 13:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17943 Failure to pay tax on distributed income arising from a domestic company's buy-back of shares causes the company and its principal officer to be deemed to be an assessee in default, and all provisions of the Act for the collection and recovery of income-tax shall apply. Act-Rules Income Tax Wed, 22 May 2013 14:04:04 +0530 https://www.taxtmi.com/acts?id=17943