Director Held Accountable for Company's Undervaluation; Penalty Imposed Deemed Lawful.

Director Held Accountable for Company's Undervaluation; Penalty Imposed Deemed Lawful. https://www.taxtmi.com/highlights?id=35350 Once the company has admitted the undervaluation and has paid the penalty, the appellant who is the Director of the company and also looking after the affairs of the company is equally responsible and therefore imposing the penalty on the appellant is absolutely lawful. en-us Fri, 23 Jun 2017 17:40:55 +0530 Fri, 23 Jun 2017 17:40:55 +0530 TaxTMI RSS Generator Director Held Accountable for Company's Undervaluation; Penalty Imposed Deemed Lawful. https://www.taxtmi.com/highlights?id=35350 Once the company has admitted the undervaluation and has paid the penalty, the appellant who is the Director of the company and also looking after the affairs of the company is equally responsible and therefore imposing the penalty on the appellant is absolutely lawful. Highlights Customs Fri, 23 Jun 2017 17:40:55 +0530 https://www.taxtmi.com/highlights?id=35350