https://www.taxtmi.com/manuals?id=1379 A company committing an offence is liable, and any person in charge of and responsible for the company's business at the time is deemed guilty unless they prove lack of knowledge or that they exercised all due diligence to prevent the offence. Directors, managers, secretaries or other officers are also liable where the offence occurred with their consent, connivance or due to their neglect. When the offence attracts imprisonment and fine, the company is punishable by fine while the relevant persons remain liable to prosecution. "Company" includes firms and associations, and "director" includes partners and controlling members. en-us Thu, 07 Jan 2016 17:42:00 +0530 Thu, 22 Aug 2024 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1379 A company committing an offence is liable, and any person in charge of and responsible for the company's business at the time is deemed guilty unless they prove lack of knowledge or that they exercised all due diligence to prevent the offence. Directors, managers, secretaries or other officers are also liable where the offence occurred with their consent, connivance or due to their neglect. When the offence attracts imprisonment and fine, the company is punishable by fine while the relevant persons remain liable to prosecution. "Company" includes firms and associations, and "director" includes partners and controlling members. Manuals Income Tax Thu, 07 Jan 2016 17:42:00 +0530 https://www.taxtmi.com/manuals?id=1379