https://www.taxtmi.com/acts?id=19911 A company is deemed guilty of offences under the Act and every person in charge of and responsible to the company for its business at the time is similarly liable, unless he proves lack of knowledge or that he exercised all due diligence to prevent the offence; officers who consented, connived or were neglectful are also guilty. Where the offence attracts imprisonment and fine, the company is punishable with fine while responsible persons may be proceeded against and punished. "Company" and "director" are defined to include unincorporated bodies and Hindu undivided families and their relevant representatives. en-us Fri, 03 Jul 2015 18:20:22 +0530 Fri, 18 Oct 2024 10:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19911 A company is deemed guilty of offences under the Act and every person in charge of and responsible to the company for its business at the time is similarly liable, unless he proves lack of knowledge or that he exercised all due diligence to prevent the offence; officers who consented, connived or were neglectful are also guilty. Where the offence attracts imprisonment and fine, the company is punishable with fine while responsible persons may be proceeded against and punished. "Company" and "director" are defined to include unincorporated bodies and Hindu undivided families and their relevant representatives. Act-Rules Direct Taxes Fri, 03 Jul 2015 18:20:22 +0530 https://www.taxtmi.com/acts?id=19911