https://www.taxtmi.com/caselaws?id=369261 The court dismissed all three petitions filed by the Managing Director, Vice Chairman, and Whole Time Director of a company in a case where the Assistant Commissioner of Income Tax lodged a complaint against them for pre-winding up offenses. The court held that the liability for the alleged wrongdoing cannot be applied retrospectively to the petitioners as the offenses occurred before the initiation of winding up proceedings and before the official liquidator assumed control. The absence of the official liquidator does not absolve the petitioners of their liability based on legal precedents from the Supreme Court and Bombay High Court. en-us Thu, 06 Sep 2018 00:00:00 +0530 Wed, 24 Oct 2018 08:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369261 The court dismissed all three petitions filed by the Managing Director, Vice Chairman, and Whole Time Director of a company in a case where the Assistant Commissioner of Income Tax lodged a complaint against them for pre-winding up offenses. The court held that the liability for the alleged wrongdoing cannot be applied retrospectively to the petitioners as the offenses occurred before the initiation of winding up proceedings and before the official liquidator assumed control. The absence of the official liquidator does not absolve the petitioners of their liability based on legal precedents from the Supreme Court and Bombay High Court. Case-Laws Income Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369261